Washington, D.C., March 07, 2023 (GLOBE NEWSWIRE) -- Today, Sol Systems, a national solar energy company focused on developing and operating renewable energy projects with community impact, announced a unique renewable energy procurement and investment strategy with Google that enables the development of new solar energy projects and supports local communities where the projects are built.
Sol Systems and Google have structured an integrated clean energy investment and procurement strategy for solar projects being developed by Pine Gate Renewables in North and South Carolina. This strategy provides capital to enable 225 MWdc of new solar energy projects and 18 MW of battery storage resources. These assets are being developed in a region with relatively low renewable energy penetration and of specific focus for Google and its 24/7 carbon-free energy goal.
Alongside this investment, Google and Sol Systems will deploy capital to seed critical investments into regional community organizations that serve under-resourced and minority communities. The investment will focus on reducing energy burden by enabling critical home pre-weatherization and safety upgrades to low- and moderate-income (LMI) households. Four regional organizations will receive initial funding from the partnership: #" Solar Farm in SC Solar farm under development in South Carolina
#" Sustainability Institute - Sol Systems The Sustainability Institute of South Carolina and Sol Systems