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Stamford, Connecticut, March 15, 2022 – Tradition Energy announces that it recently advised the City of Springfield, Massachusetts, on a community solar agreement that will save the City more than $800,000 over the next 20 years. The community solar agreement continues Springfield’s commitment to renewable energy. In 2020, Tradition helped the City eliminate a minimum of $3.7 million from its budget with a similar renewable energy purchase.
Community solar in Massachusetts allows businesses, public entities, and residents to subscribe to an offsite solar project without placing solar directly on their property. The program enables the City of Springfield to reduce its retail electricity costs and realize immediate savings with no upfront cost while supporting clean, local energy. The City receives energy savings in a bill credit on their retail electric bill based on the amount of energy produced each month by their subscribed portion of the solar project.
“We commend the City of Springfield for their leadership in municipal community solar and are proud to support the City as its sustainability goals evolve,” said Alan Kurzer, CEO, Tradition Energy.
Scott Merrell, Senior Director, Marketing, 713-609-9922 Scott.Merrell@TraditionEnergy.com
About Tradition Energy
Tradition Energy is the nation’s largest and most experienced independent energy risk management, procurement, and sustainability solutions advisor, serving more than 1,300 commercial, industrial, and governmental clients ranging from Fortune 500 global companies to medium-sized businesses to local municipalities. Tradition Energy is part of the Tradition Group, a leading global institutional broker of financial and commodity products. Tradition employs over 2,300 people in 30 countries around the world and is publicly listed on the Swiss stock exchange (CFT). www.TraditionEnergy.com