Commercial
Downstown Airport – Buena, NJ
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Project Overview
Downstown Airport – Buena, NJ
95,000 Watts-DC System
Who They Are
Downstown Airport is a private airport in a southern New Jersey community. Downstown Airport was looking to utilize their existing airport hangars as a means of saving money on their electric usage. They turned to Castle Energy for a solution. Castle Energy’s team developed the opportunity and negotiated the resources for the five site project.
How We Helped
Through its contacts of regional investors, Castle Energy created an investment partnership to fund the multi-site project, Downstown Solar LLC. Castle Energy structured an economical PPA option which allowed for a discounted electric rate throughout a designated period of time; providing a hedge against rising electric rates. Downstown Solar LLC owns, operates and maintains the system, while the airport serve as the host. Project installation partner: Palmieri Solar.