Quickly after settling into its new facility in 2016, the newly formed screw and extruders manufacturer, U.S. Extruders of Westerly, Rhode Island insulated itself and the company’s two tenants from rising electricity costs by installing a 140kW rooftop solar array. The solar panels will provide clean energy to power US Extruder’s operations and reduce the building’s carbon emissions by 2,354 tons over the next 20-years, which is the term of the financing and “useful life” of the improvements. The young firm believes C-PACE financed solar photovotalic systems to be an economic development tool for themselves and the entire Rhode Island economy.
Purchased by U.S. Extruders, an extruder and screw manufacturer to house its operations in 2016, the 46,000 sq ft multi-tenant industrial warehouse in Westerly, Rhode Island has been renovated to fit the needs of the newly formed company as well as two manufacturing tenants,
Pro-Systems and ERSA.
“Direct Energy Solar is thrilled to continue working with the Rhode Island Infrastructure Bank, Nuveen Green Capital and our partners to deliver another renewable energy project to Rhode Island,” said Ron French, Head of Direct Energy Solar.
"Nuveen Green Capital and the C-PACE program helped us position our business for long term growth."
Daniel Schilke, Operations Director, U.S. Extruders