September 14, 2017
CT Green Guide

Green Bank names solar partner

The Connecticut Green Bank said it has selected a New York renewable energy financier and developer to help it spur approximately 20 megawatts of commercial-scale solar in the state.

Onyx Renewable Partners is based in New York and was created by Blackstone Energy Partners in 2014.

The quasi-public Green Bank, which selected Onyx in a competitive process, will create a joint program with the company called Green Bank Solar PPA.

The program is designed to build upon Green Bank's Solar Lease 2 fund, which reached capacity earlier this year. Like Solar Lease 2, Green Bank PPA will use the Commercial Property Assessed Clean Energy (C-PACE) program to allow property owners who might otherwise be excluded from solar financing to obtain it.

The program is already running, with two projects nearly complete, including a 600-kilowatt rooftop array in Newtown and 2.4-megawatt ground mount array at a farm in Thompson.

West Hartford will receive the benefits from the energy generated, using the state's virtual net metering program. The town is expected to save $1.3 million over time from the project.

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