Greenskies installs 130 kW rooftop solar for apartments in San Jose

Solar Builder | Staff
August 6, 2024

Real estate developer GID and renewable energy provider Greenskies Clean Focus have completed a commercial solar system at Pavona Apartments by Windsor in downtown San Jose, California.

The 320-module, 130 kW rooftop solar system is expected to generate more than 180,000 kWh of clean energy annually. Greenskies developed and financed the project for GID with no upfront cost through a 25-year power purchase agreement (PPA). As the long-term owner and operator of the system, Greenskies will provide ongoing maintenance, ensuring the sustainability and efficiency of the solar system for years to come.

GID has long been a champion of sustainability, incorporating environmental, social and governance (ESG) principles and leveraging its investment, development and management experience to enhance the communities where they invest, live, and operate.

“At GID we continue to value opportunities that support both our fiduciary responsibility and uphold our long-term environmental sustainability commitments” said Phil Carmody, SVP, head of ESG at GID. “We’re thrilled to have partnered with Greenskies to increase our renewable energy production and are looking forward to measuring the impact going forward.”

Installing on-site solar at this property helps mitigate ongoing energy challenges in California, from systemic power shortages to rapidly increasing energy prices, by increasing resiliency and delivering reliable, low-cost, clean, renewable energy.

“It’s been a pleasure working with GID to see this project through,” said Stanley Chin, president and CEO of Greenskies. “Distributed generation solar provides a great opportunity for commercial property owners to realize additional value from their existing portfolio through significant energy cost savings and reduced carbon emissions.”