Luminace, a North American decarbonization-as-a-service platform of Brookfield Renewable and a provider of distributed energy solutions to commercial, industrial and public sector customers, and AC Power LLC, a brownfield solar development firm and certified women-owned business, has launched a development services agreement (DSA) after their collaboration on two New Jersey Community Solar projects.
AC Power will manage development tasks in the early stages of development under the DSA. Luminace will be the long-term operator and owner of the project once it reaches construction-ready status. The DSA marks the most recent of Luminace’s strategic joint ventures as it pursues its commitment to advancing the energy and sustainability goals of its customers.
The AC Power team worked closely with Luminace in the development of two community-based solar projects, which were made possible through the New Jersey community pilot program. These projects are expected to generate approximately 2.26 MW DC clean renewable power. This collaboration was crucial to their success.
“Luminace is pleased to partner with AC Power to develop solar projects,” says Brendon Quinlivan, SVP of Luminace. “AC Power’s specialized experience of pairing solar energy with underutilized sites combined with Luminace’s operational experience and access to capital will help customers achieve their decarbonization goals while reducing their costs.”
“We are thrilled to have the support of Luminace. Their deep expertise is the perfect partner to AC Power as we work together to bring forward complex projects that might not otherwise be completed,” states Annika Colston, president and founder of AC Power.