Pivot Energy partners with major fashion brands on Illinois community solar portfolio

By December 12, 2023, the deadline will have passed. Pivot Energy declared that they are creating six communal solar schemes in Illinois, for a combined capacity of 33 MWDC, in partnership with Tapestry, a major manufacturer of fashionable products such as Coach, Kate Spade, and Stuart Weitzman. Tapestry has pledged to purchase Impact Renewable Energy Credits over the span of 15 years – these projects generate 203,000 MWh of energy per year and provide an anticipated total of 750,000 MWh during this period. Furthermore, the businesses are investing $2,000 for every MW constructed, equal to an amount of $66,000 all together, to forms of local community organizations. This energy project is quite distinct because of the multiple advantages derived from furthering the development of solar energy. Purchases that have been done in the usual way usually come from established wind power sites, while Impact REC deals are structuring investment so as to put in place renewable energy sources in places that are prepared to construct new solar plants, all the while assisting local communities. Regarding Pivot and Tapestry, the difference they are making has three distinct elements – the production of fresh clean energy, community investments and alleviation of energy-related costs. The new solar projects that their Impact REC agreement has made possible are situated in areas that had little solar capability. Constructing renewable energy projects in places with a higher reliance on fossil fuels will deliver a bigger effect in terms of lowering pollution. Donations corresponding to every MW built will be put towards charitable organizations that stimulate fair job opportunity in the renewable energy field. We are proud to offer training resources to lower-income communities residing in the areas built upon for our projects. These workshops help to ensure that everyone in these towns will benefit from our services.”

At Tapestry, we understand that sustainability is crucial to business success. We are delighted to provide educational opportunities for the less-privileged citizens of the localities where we will be constructing projects. Through our workshops, we offer aid to those in the community to advance their growth and success along with our own.