Greentech Lead America: Tioga Energy and Energy Finance
Company (EFC), providers of renewable energy services to commercial, government
and non-profit organizations, has commissioned 473-kW solar electric system for
the Wildwoods Convention Center in Wildwood, N.J.
Tioga served as the project developer and managed the
project through construction. Energy Finance Company has provided financing and
will own and operate the solar power system.
“We are truly excited to provide the capital
required to construct, own and operate EFC’s first East Coast project at such a
noteworthy location. Wildwoods Convention Center is an excellent addition to
our solar power portfolio and we are also pleased that the project was 100
percent constructed by local unions including an IBEW affiliate, representing
approximately 4,800 man-hours,” said Reyad Fezzani, CEO, Energy Finance
Company.
The Wildwoods Convention Center will receive the energy
at rates less than those of the local utility under the terms of a Tioga
SurePath Solar power purchase agreement (PPA). The system will
provide 24 percent of Convention Center’s electricity needs.
The new rooftop installation enables the Convention
Center to reduce electricity costs and meet its goals for sustainability. The
project reduces the facility’s CO2 emissions by 179 tons annually, equating to
387,500 vehicle miles not traveled.
New Jersey-based energy consulting firm Gabel Associates
supported the Wildwoods Convention Center throughout the development of the
project, including a thorough evaluation of proposals in which Tioga Energy was
recommended as the preferred developer.
“Already boasting a number of environmentally
friendly design aspects, the Wildwoods Convention Center is a longtime champion
of environmental sustainability. Now, a decade after opening its doors, the
organization furthers its green vision, reducing operational costs through the
use of renewable energy,” said Paul Detering, CEO of Tioga Energy.
Pro-Tech Energy Solutions managed all engineering,
procurement and construction (EPC) services for the project that included IBEW
Local 269 Member Huen Electric.
Tioga Energy completes first financing for Hemet USD
Recently, Tioga Energy closed construction and long-term
financing for the first tranche of projects completed as part of Tioga’s 4.4
MW, multi-site solar PPA program for the Hemet Unified School District in
Hemet, Calif.
editor@greentechlead.com