Solar Generates Financial and Environmental Benefits for Corporation
As a Fortune 50 company, the client has ambitious ESG goals. Our team worked with them to provide a clear path to meet clean energy targets.
Client: Fortune 50 company
Location: New Jersey, USA
The Challenge
Flexibility to meet client needs
With multiple site locations, each with their unique requirements, the client needed a partner with a knowledgeable, flexible approach. Our team offered the adaptability needed to move quickly through site evaluation and contract negotiation.
We had the ability to accept some financial risk in the long-term energy markets. This flexible approach paired with our structure and commercial offering – which offered a very attractive return for no client capex requirement – made a successful partnership.
Key Facts
The Solution
Guiding the course to decarbonization
Transparency
As a first foray into on-site solar, the client wanted a high level of transparency through the development and construction cycles. Striking a balance, our team kept the client up to date with all activities while allowing them to focus on their own core work.
Trust
With business operations ongoing during planning and construction, the client needed a trusted advisor with expertise to successfully implement, manage, and operate each site with minimal disruption. Our team fit the bill.
Longevity
Our team worked with the client to advise them on future, on-site clean energy generation in markets that make the most sense. We helped them navigate complex energy markets to prioritize asset deployment over time and maximize return on investment.
The Impact
Tangible and intangible benefits
Year-one performance resulted in the production of 15 MWh of clean energy with savings to the client of $1.2M.
Meeting utility program requirements with fast-track, on time project completion not only led to the financial benefits from incentives, but highlighted how on-site solar can generate enthusiasm for reducing carbon emissions.
Our team was proud to work with client project champions to bring their clean energy vision to life, showcasing the potential to key stakeholders throughout the company.