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Home » Resources » Former engineering plant in South Norwalk renovated into state-of-the-art sports facility with almost $2 million in lifetime energy savings.
Customer Story

Former engineering plant in South Norwalk renovated into state-of-the-art sports facility with almost $2 million in lifetime energy savings.

Spinnaker is committed to meeting or exceeding standards in green building development. And the Connecticut Green Bank is an excellent partner in that mission.
— Clay Fowler, Chairman and CEO, Spinnaker Real Estate Partners

Spinnaker Real Estate Partners (managing partner and a principle investor) has a passion for projects that connect people, housing, business, jobs, and recreation. This widespread passion aligns with the versatility of the C-PACE program. It can even apply to properties like this one with two ice rinks! Buildings with rooftop solar photovoltaic systems financed using C-PACE save money by lowering the overall energy costs of the building, raising the profile of the property. Spinnaker utilized C-PACE to help it achieve its mission to build responsibly and affordably. Across a portfolio of 3 solar projects financed with C-PACE, Spinnaker will have annual energy savings of $203,700, amounting to $4,074,005 in total energy savings over financing term.

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Location

SoNo Ice House • Norwalk, CT

Energy Update

312 kW roof mounted solar photovoltaic system and roof upgrades

Total Loan Amount

$1.02 million • Over 20 years

Projected Energy Savings

$1.96 million • Over the life of the upgrades