Brightcore Announces Community Solar Project with Altus Power and Brennan Investment

“We are pleased to have the opportunity to work with Altus Power and Brennan to develop this project to bring green, sustainable energy to the surrounding communities. This project was rather unique in that it encompassed so many locations within one project. There was quite a bit of coordination to align all the logistics,” said Mike Richter, President of Brightcore Energy.

”Brennan has enjoyed collaborating with the Brightcore team to make this solar project a reality,” said Chris Massey, Managing Principal of Brennan Investment Group. “Renewable energy is an important facet of modern-day investment strategy, and this project helps us fulfill our goals. Engineering and implementing this multi-building project required a true ‘team approach’ with the Brightcore team to accomplish and we are very proud of the results.”

Philip Tager, Head of U.S. Real Estate for Global Gate Capital, said “We are excited to complete this project with Brightcore to enhance the portfolio and make it more sustainable.”

“New Jersey has one of the fastest growing community solar programs in the country and Altus Power and Brightcore Energy have been working together to make this program a reality,” said Gregg Felton, co-CEO and co-founder, Altus Power. “Brennan has proven to be an important partner for Altus in developing and constructing solar projects that will benefit the entire community.”

The development of the combined 7.5-megawatt rooftop system is expected to conclude next month.

Once fully operational, it is projected to produce 8,993MWh of electricity annually. It is the equivalent CO2 emissions reduction of burning 7,138,941 lbs. of coal and the equivalent GHG emissions of removing 1,418 gas-powered vehicles from the road for one year or 16,337,962 miles driven.