#United States #Portland #Auburn Solar #SolRiver Capital #Oregon Community

SolRiver Capital's Auburn Community Solar Project

In a significant step towards sustainable energy, SolRiver Capital, an investment firm based in Denver, has successfully completed the Auburn Community Solar Project in Oregon. This project is among the first to be launched under Tier 2 of the Oregon Community Solar Program, delivering an impressive 3 megawatts (MW) of power to numerous low-income and residential households in the Portland metropolitan area and along the I-5 corridor.

Project Overview

The completion of the Auburn Community Solar Project marks a critical milestone in the efforts to provide affordable clean energy solutions. It began commercial operations recently and is now supplying energy to over 600 subscribers, including 55 low-income households. These families benefit from significantly reduced energy rates, leading to substantial savings on their monthly energy bills.

Brandon Conard, Managing Director at SolRiver, stated, "We hit the ground running on Auburn once it was confirmed to be in Tier 2. We locked down the procurement and EPC contracting shortly after the announcement. Our success in completing this project ahead of nearly all others in Tier 2 is a testament to our construction execution ability."

Unique Aspects of Tier 2

The Oregon Community Solar Program operates in two tiers, with Tier 2 focusing primarily on residential and low-income households. According to Riley Sullivan, Executive Vice President at SolRiver, the management of over 600 subscribers adds complexity to the project. However, the team collaborated closely with the program administrators to verify each subscriber efficiently, ensuring the project could commence operations swiftly.

Sullivan elaborated, "Tier 2 of the Program is quite different than how Tier 1 works because of the residential and low-income focus. Having hundreds of subscribers adds some complexity, but our dedicated efforts to streamline the verification process allowed us to generate significant bill savings for our subscribers."

Future Developments

In conjunction with the Auburn project, SolRiver Capital recently completed the Sheridan Community Solar Project, which has a capacity of 4 MW. This expansion emphasizes SolRiver's ongoing commitment to enhancing renewable energy capabilities in Oregon and beyond.

The firm champions a sustainable approach, investing in projects that not only meet energy demands but also boost economic growth. Founded in 2016, SolRiver Capital has established itself as a leading player in the renewable energy sector, managing over 1.5 gigawatts (GW) of projects across various markets and technologies.

Conclusion

The achievement of the Auburn Community Solar Project exemplifies SolRiver Capital's dedication to advancing clean energy solutions in underserved communities. By focusing on affordability and accessibility, the project sets a positive precedent for future renewable energy initiatives.

For more information about SolRiver Capital and its mission, visit SolRiver Capital.