Main Street Power Company and City of Bridgeport, Connecticut Announce Completion of Solar Arrays on Two Elementary Schools
Ribbon-Cutting Ceremony Hosted by City of Bridgeport on December 10, 2013
Bridgeport, Conn., December 10, 2013---Main Street Power Company, Inc. ("Main Street Power"), in partnership with MS Solar Solutions Corp. (an indirect wholly-owned subsidiary of Morgan Stanley), Mercury Solar, and the City of Bridgeport today announced the completion of rooftop solar arrays for two schools in Connecticut's Bridgeport Public Schools district. A ribbon-cutting ceremony hosted by Bridgeport Mayor Bill Finch will be held on Tuesday, December 10, 2013 at 11 a.m. EST.
Mayor Bill Finch initiated the BGreen 2020 sustainability plan for the City of Bridgeport in 2008 to create jobs, save taxpayers money and fight climate change. Among the priorities of the BGreen 2020 plan is a commitment to renewable energy sources, including solar power. Bridgeport has been recognized for its commitment to renewable energy by Connecticut's Department of Energy and Environmental Protection (DEEP), earning the distinction of a "Clean Energy Community."
"Teaching the next generation of conservationists the importance of lowering our carbon footprint to take better care of the environment is one of the highest priorities of our BGreen2020 efforts. This partnership with Main Street Power and CEFIA will bring a renewable energy source to two of our schools, and it will also educate students on the use of solar energy," said Bridgeport Mayor Bill Finch.
The two PreK-8 schools are Cesar A. Batalla and Blackham School, with solar arrays sized at 217kW and 90kW, respectively. Cesar A. Batalla will see 10 percent of its electricity needs supplied by the solar panels, and Blackham School's panels will supply an estimated 13 percent of its electricity demand. Mercury Solar constructed the arrays in three months.
The school district entered into a 20-year Solar Power and Services Agreement with Main Street Power, the financier and owner-operator of the arrays. The state's Clean Energy Finance and Investment Authority (CEFIA) contributed local funds as part of its mission to deploy clean energy in Connecticut through private capital partnerships. With no upfront costs and electricity savings, the district can invest that savings directly in its students. In 2014, Main Street Power will provide training in basic solar education to two district teachers who plan to roll out education modules to students.
Since 2009, Main Street Power has developed and owns over 1,000 solar systems nationwide, saving over 25,000 pounds of carbon from entering the atmosphere each year. CEO Amory Host stated, "We're excited to support Mayor Finch and the City of Bridgeport's environmental sustainability goals and to work with the teachers and students in promoting environmental awareness."
What: Ribbon-Cutting Ceremony
When: Tuesday, November 10, 2013 at 11 a.m.
Where: Cesar A. Batalla School, 606 Howard Ave., Bridgeport, CT 06605
Bill Finch, Mayor of Bridgeport
Michael Ruehlman, Main Street Power
About Main Street Power
Main Street Power Company, Inc. delivers renewable power through distributed generation solar projects. Main Street Power owns, and operates solar assets at schools, colleges, cities, utilities, and nonprofits through a partnership with MS Solar Solutions Corp. A commitment to solving social and environmental problems through clean energy, local jobs creation, and solar science education for children has earned Main Street Power a three-star GIIRS rating by B-Lab, the global social impact rating organization. Visit the company online at mainstreetpower.com.
About MS Solar Solutions Corp.
MS Solar Solutions Corp. (MSSS) is an indirect wholly owned subsidiary of Morgan Stanley (NYSE: MS), one of the world's leading financial institutions. MSSS focuses on helping to develop and finance solar photovoltaic (PV) projects through strategic relationships with industry participants including developers, suppliers, installers, governmental agencies and the community at-large.
About Mercury Solar Systems
Headquartered in Port Chester, NY, Mercury Solar Systems is one of the premier installers of solar energy systems on the East Coast and has been recognized as one of Inc. 500's fastest growing energy companies for two consecutive years. They operate in ten States in the Northeast and Mid-Atlantic regions. Mercury has completed over 2,000 solar installations for utility, commercial, non-profit and residential customers. Mercury Solar Systems is a subsidiary of Mercury Energy, a leading provider of solar energy systems throughout the United States.
About the Clean Energy Finance and Investment Authority
CEFIA was established by Connecticut's General Assembly on July 1, 2011 as a part of Public Act 11-80. This new quasi-public agency supersedes the former Connecticut Clean Energy Fund. CEFIA's mission is to promote, develop and invest in clean energy and energy efficiency projects in order to strengthen Connecticut's economy, protect community health, improve the environment, and promote a secure energy supply for the state. CEFIA leverages public and private funds to drive investment and scale-up clean energy deployment in Connecticut. For more information about CEFIA, please visit www.ctcleanenergy.com.
Main Street Power: Beth Powell | firstname.lastname@example.org | +1 303-489-0595
City of Bridgeport: Elaine Ficarra| email@example.com | +1 203-275-6417