Titan Energy and Greenskies Clean Focus have announced the completion of a unique renewable energy project with a Connecticut YMCA that will deliver both financial and sustainability benefits to the community-based organization.
Unlike a traditional power purchase agreement (PPA), this project was structured as a roof lease. By placing solar panels on the roof, the… Soundview Family YMCA will receive approximately $20,000 annually from Greenskies, providing a consistent long-term revenue stream without the need for upfront investments or changes to existing energy systems.
The Soundview Family YMCA branch already has a combined heat and power (CHP) system that covers a large portion of its electrical and heating needs. To ensure compatibility and avoid interference with the CHP system, Titan Energy and Greenskies structured the solar project to provide power directly to the Eversource grid under the state’s Non-residential Renewable Energy System (NRES) program. This arrangement allows the Soundview Family YMCA to benefit from annual lease payments while Greenskies generates clean energy for the regional grid.
“This project shows how nonprofits like the Soundview Family YMCA can achieve meaningful financial savings while advancing sustainability goals,” said Kyle Ramm, managing director at Titan Energy. “By utilizing creative energy strategies, we were able to realize long-term benefits without upfront costs. We are proud to partner with Greenskies to complete such an impactful project.”
In addition, the project implemented a series of additional energy savings measures, reducing Eversource’s energy costs at no additional cost to the organization. Together, these efforts align with the Soundview Family YMCA’s core motivation: reducing operating costs and advancing its commitment to sustainability.
News item from Greenskies Clean Focus
