The Hough project is a beacon of hope in the world of solar energy
Energy News Network takes a close look at “a potential fair and community solar energy model” emerging in the Hough neighborhood of Cleveland.
The plan: Leverage a community solar program in Hough that will provide approximately 1 megawatt of clean energy to communities on the East Side through the Cleveland utility grid.
From the article:
One big item is a $ 3.55 million grant from the George Gund Foundation for the GO Green Energy Fund, awarded in November 2020.
The fund uses a green bank model designed to finance small-scale commercial, industrial and community solar projects – like the one in Hough – in Ohio.
“We want to bring relevant financial solutions, relevant civic solutions to support and communities that didn’t feel like they always had access to them,” said Michael Jeans, President and CEO of Growth Opportunity Partners, also known as Growth Opps, which administers the GO Green Energy Fund. (Growth Opps joined the American Green Bank Consortium in November 2019.)
Energy News Network notes that the solar program “will be administered and operated by the Hough Block Club, a community initiative also known as BC which was launched in 2019”.
Arcie Petty, program director for The BC, told Energy News Network that the project will use a “flip partnership” model where the organization will share costs with a solar developer who has yet to be named, with an option to redeem the shares at the end of the agreement. “British Columbia would then be 100% owner of the project,” said Petty.
Jonathan Welle, executive director of the nonprofit Cleveland Owns, which provides technical assistance to BC, adds: “BC is really the perfect project. They are a super popular group. local neighbors coming together with a huge vision, a powerful vision They are very focused on racial equity and racial justice This is a common theme for us through many of these projects.
Once the solar panel is built, reports Energy News Network, “residents would be eligible for connection through a subscription using virtual net metering. They would also be able to make upfront investments – and buy shares once BC takes full ownership. Local businesses would also be eligible for subscriptions, Petty said. “