EDF Renewable Energy closes MIPSA on Lancaster Solar Project and commences construction
Wednesday, Dec 18, 2013
EDF Renewable Energy announces the close of the Membership Interest Purchase and Sale Agreement (MIPSA) and start of construction for the Lancaster Solar Project. EDF Renewable Energy and Urban Green Technologies LLC (UGT), a utility-scale solar developer, signed the MIPSA in October 2013.
“EDF Renewable Energy is pleased to continue to deploy our solar development expertise in Massachusetts to help the Commonwealth achieve its ambitious goal of 1,600 MW of solar installations by 2020”
The 5.86 MWp ground-mount fixed tilt solar photovoltaic project is located on approximately 26 acres of privately owned land at the former Shirley Airport, 50 miles northwest of Boston, Massachusetts. The power generated will be delivered to the Town of Billerica, Massachusetts under a long-term Power Purchase Agreement, pursuant to the State’s Virtual Net Metering Credits Program. EDF Renewable Energy will develop, own and operate the solar project with commercial operation expected in Spring, 2014.
“EDF Renewable Energy is pleased to continue to deploy our solar development expertise in Massachusetts to help the Commonwealth achieve its ambitious goal of 1,600 MW of solar installations by 2020,” said Nader Jandaghi, Director of Commercial Solar for EDF Renewable Energy. “The Lancaster solar project adds to the Company’s 300+MWp development portfolio of both distributed generation and utility-scale solar projects across North America and will deliver cost-competitive renewable energy and economic benefits to the host communities. We extend our gratitude to the town officials of Lancaster, Shirley and Billerica for their strong support for the project and we look forward to continue to work closely to deliver clean solar power at a time when communities are seeking cost-effective energy solutions that reduce greenhouse gases.”
Source: Business Wire