Skyview Ventures Announces Successful Completion of Its Second Grid Carbon Offsets Project
GCOs Provide the Economic Enablement to Lower Grid Carbon Footprint
NASHVILLE, Tenn., May 9, 2023 (Newswire.com) - Skyview Ventures, a leading renewable energy project developer, announced today the completion of its second Grid Carbon Offsets (GCOs) project in West Virginia. The 658.6 kW rooftop solar facility, located in Moorefield, WV, was developed by Davis Hill Development and constructed by Solar Holler, a solar installer based in Shepherdstown, WV. The array, situated at Bramble Farm, is owned and financed by Skyview Ventures. The financing of this project will be supplemented by the sale of GCOs. This is the second project that GCO purchasers have helped to finance in West Virginia this year. The first is of similar size and is located in nearby Old Fields, WV.
GCOs are essential for renewable energy project development in parts of the country that lack clean energy legislation or incentives, where high greenhouse gas-emitting sources, like coal, power the electricity grid and renewable energy projects are not being built. The purchase of GCOs provides the economic stimulus needed to make these projects viable, positively impacting the environment, economy, and health of their underlying communities.
The West Virginia electric utility grid is primarily powered by burning coal. Based on the grid's emission profile and the solar facility's production profile, the Bramble Farm project is expected to reduce carbon emissions by over 11,000 tons over its lifetime. The solar facility is expected to offset almost 100% of the farm's power consumption while saving the farm 20% per year on its electricity bill.
To learn more about Grid Carbon Offsets and how to purchase them, visit www.gridcarbonoffsets.com.
About Skyview Ventures: Skyview Ventures transacts, advises, and invests in renewable energy and carbon reduction markets and companies across North America and operates businesses in environment commodities, solar and battery storage development, and electric vehicle infrastructure. Founded in 2008, the company has successfully completed over $2B+ in structured environmental attribute financing, 100 MW of solar development and 500+ electric vehicle charging ports. Skyview Ventures has invested in over 20 technology companies providing solutions to the energy decarbonization transformation, and is uniquely positioned to identify, invest in, and grow the companies that will lead the energy decarbonization transformation.
To learn more, visit www.skyviewventures.com.
About Davis Hill Development: Davis Hill Development (DHD), a wholly owned subsidiary of Skyview Ventures, is a full-service clean energy development company, owning and operating over 300 distributed energy projects across a dozen states in the U.S. Established in 2013, DHD provides development solutions for solar, battery storage, electric vehicle charging, and carbon offset strategies (Renewable Energy Credits) for commercial and industrial building owners and real estate portfolio owners. The company partners with organizations of all sizes to help them achieve economic savings, as well as Environmental, Social, and Governance (ESG) goals.
To learn more, visit www.dhdsolar.com
Source: Skyview Ventures
