Taconic Investment Partners and Clarion Partners have contracted Bright Power, an energy and water management consulting and construction company, to design and install 917 kilowatts (kW) of solar photovoltaic (PV) panels at their flagship Quality Communities property in the Bronx, Eastchester Heights.
By installing solar panels, Taconic and Clarion are improving an existing property and reducing its emissions.
The solar installation is expected to produce over 1.1 million kilowatt hours (kWh) of clean electricity, equivalent to removing 165 cars from the road for a year or the carbon sequestered by over 12,800 tree seedlings grown over 10 years.
“Clean power is a major priority for both Taconic and Clarion, and we’re thrilled to join the movement of making the Bronx community more sustainable,” said Andrew Schwartz, Vice President at Taconic.
“This initiative will benefit the environment, while also lowering operating costs and giving us the flexibility to allocate funds to other improvements.”
Installation is slated to begin June 2019 and expected to be completed by end of year.
Consisting of 3,005 305-Watt panels, the Bright Power team is using ballasted racking, enabling them to build the entire system without making any penetrations into the roof.
Using SolarEdge inverters with DC optimizers, the technology allows each solar panel’s production to be optimized independently of surrounding panels with energy production monitoring at the panel level.
This is the first time Taconic has incorporated solar technology into one of its properties and they plan to explore future opportunities for others.
Read the article on Real Estate Weekly’s website.