Greenbacker Renewable Energy Co., a leading owner and operator of sustainable infrastructure and energy-efficiency projects, announced that, through a wholly owned subsidiary, it has purchased a 6.5-megawatts DC to-be-constructed solar project from Encore Renewable Energy, a preeminent integrated clean energy developer in the region. The South Street solar project, located in Middlebury, is now GREC’s largest solar asset in Vermont. Once completed, 100 percent of the clean energy South Street produces will be allocated to Middlebury College.
The South Street project also can contribute to a greener future — and lower energy bills — in ways beyond clean power generation.
Green Mountain Power (South Street’s utility off taker) intends to add onsite energy storage, which will make the project’s clean energy even more reliable and cost efficient. The pairing of solar-plus storage can lower consumer power bills by deploying cheaper saved energy during periods of