Albany, NY – June 15, 2010 – (RealEstateRama) — The New York State Energy Research and Development Authority (NYSERDA) is partnering with Broadway Stages in Brooklyn, one of New York’s premier sound stage facilities, on a solar energy project that will reduce the film stage’s energy costs by more than $70,000 annually. Greenpoint Energy Partners, LLC is the project developer, and will arrange financing for the project on behalf of Broadway Stages.
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The solar photovoltaic (PV) system, to be installed by Solar Energy LLC., is expected to produce enough electricity to power approximately 120 single family homes annually, or approximately 32 percent of its power needs per year. Broadway Stages, the site for production of feature films, television series, commercials and music videos, received nearly $900,000 in financial incentives from NYSERDA for this project.
NYSERDA president and CEO Francis J. Murray said, “Film production is an energy intensive industry, and I commend Broadway Stages for its commitment to using clean, renewable energy that will reduce its environmental impact. This project represents an important contribution to our efforts to create a more sustainable future for our state and to meet the ambitious energy reduction goals set by Governor David Paterson.”
Gina Jeanette Argento, President of Broadway Stages said, “For Broadway Stages, the solar project demonstrates our commitment to both the film industry and to the people of Greenpoint as a whole. We are proud to build an energy infrastructure project that provides a long term benefit to our neighborhood.”
Since 2007, NYSERDA has provided more than $2 million in incentives to16 commercial PV and 36 residential PV projects in Brooklyn. Among these include the Brooklyn Navy Yard Development Corporation, The Pratt Institute, Metropolitan Paper Recycling, and City Merchandise Inc PV projects.
NYSERDA’s PV Incentive Program has helped to increase the use of solar power throughout New York State. Last year, NYSERDA received applications for $61 million of incentives for PV installations statewide, more than double over the prior year. These incentives have benefited 882 residents, 235 businesses, and 204 non-profit institutions, while helping to increase the number of solar installers by more than 70 percent.
Solar Energy Systems President David Buckner said, “Combining federal, state, and local incentives, Broadway Stages is able to achieve an exceptional financial return while substantially reducing their carbon footprint. By going solar, Broadway Stages had made an intelligent decision that will have a powerful environmental and financial impact.”
In March, the Public Service Commission authorized $144 million in rate-payer supported funding for solar energy projects. This action, which reflects a continued commitment to support the development of solar energy technologies, will help achieve the Governor’s ‘45 by 15’ clean energy goal of obtaining 30 percent of our electricity through renewable technologies and 15 percent through energy efficiency measures.
For more information on NYSERDA’s Solar Electric Incentive program, including a list of eligible installers by county, visit www.powernaturally.org.
About Broadway StagesBroadway Stages in one of New York City’s largest full-service film, television, and music video production facilities. Broadway Stages has been an integral part of Brooklyn for over a quarter century. The company and their clients have employed thousands of people and have created hundreds of jobs. For more information on Broadway Stages, visit www.broadway-stages.com or by calling (718) 349-9146.
About Solar Energy Systems (SES)
As one of the Northeast’s leading full-service integrators of commercial and solar power systems, SES specializes in delivering turnkey, cost-effective, and reliable solar energy solutions to a diverse range of clients in government, private business, and the not-for-profit sector. Founded in 1998, the SES base for operations, management, and design is headquartered in Brooklyn, New York. Additional project management and business development efforts are coordinated from offices in Newark, New Jersey and Westchester, New York. For more information on SES, visit www.solaresystems.com or by calling (718) 389-1545.
About Greenpoint Energy Partners
Greenpoint Energy Partners, LLC specializes in the finance and development of commercial and utility-scale solar PV systems for commercial, retail, government, and not-for-profit institutions. We offer our customers turn-key build-to-own and build-to-suit systems and provide a full range of financing alternatives including Purchase Power Agreements, long term leases, and term loan financing.
MEDIA CONTACT:
Jeffrey Gordon, NYSERDA
518-862-1090 ext. 3544
jrg (at) nyserda (dot) org
