World : Two Energy Powerhouses Broaden Community Solar Access in Massachusetts

Global energy player ENGIE, focusing on responsible growth and a transition to a low-carbon economy, and Clean Energy Collective (CEC), the nation's leading community solar solutions provider, have joined forces on a community solar portfolio consisting of 16 solar facilities located throughout Massachusetts. The strategic move combines ENGIE's position as a leading provider of retail energy services and supply with CEC's proven community solar development and program management process to broaden access to solar throughout the Commonwealth of Massachusetts.

"ENGIE offers consumers a variety of renewable energy offerings as part of our commitment to a decentralized and decarbonized energy future, and community solar is a key component of that," said Vikram Kulkarni, vice president of solar for ENGIE Resources. "This collaborative project adds valuable renewable energy to the grid while allowing our customers, including businesses, nonprofits, public entities, residents and even renters to 'go green' and save money with nothing on their roof or property."

The alliance leverages CEC's expertise in developing and operating community solar projects and ENGIE's vast reach providing retail energy services to immediately open the benefits of community solar to a large base of residential, commercial and municipal energy users across Massachusetts. CEC led the development of the projects, while the two collaborators will jointly own and operate the 16 community solar projects currently constructed and interconnected in Eversource and National Grid territories, delivering more than 22.1 megawatts of locally-generated clean energy, which is equivalent to offsetting energy consumption for 5,000 residential homes each year with a clean carbon-free source. Combined with previous projects, CEC continues to be the largest developer of community solar within Massachusetts, bringing long-term project management and customer expertise to the portfolio. A large percentage of the projects is already directly benefitting ENGIE's Massachusettscustomers through its residential retail brand, Think Energy, and its commercial, industrial and municipal energy supplier, ENGIE Resources.

"Combining the expertise of these two leading companies on a community solar portfolio of this magnitude is a win-win for Massachusetts energy consumers," said Paul Spencer, Clean Energy Collective's founder and CEO. "ENGIE has an excellent track record meeting growing consumer demand for affordable renewable energy while delivering an incomparable customer experience."

Distributed energy generation via community solar delivers significant economic and operational advantages that directly benefit energy consumers, utilities and local communities, including decades of property tax revenues for towns, lease payments to land owners, millions of dollars of construction investment, short and long-term job creation from construction and maintenance and long-term energy savings for area businesses and residential customers. It also brings the source of power generation closer to customers and consumption, eliminating costly losses from long transmission lines and giving consumers the ability to benefit from renewable resources built in their local communities.

ENGIE's participation further demonstrates its confidence in community solar as a model poised for exponential growth, and CEC's and ENGIE's combined expertise on these initial 16 projects paves the way for bringing new innovations to this rapidly growing and changing industry.

 

Source : http://markets.businessinsider.com/news/stocks/Two-Energy-Powerhouses-Broaden-Community-Solar-Access-in-Massachusetts-1002349357

SMART GRID Bulletin October 2017


View all SMART GRID Bulletins click here


Enter your email-id to subscribe to the

SMARTGRID Bulletins
S
M
T
W
T
F
S
30
30 November 2017
31
06
07
10
11
12
13
13 November 2017
17
17 November 2017
18
19
24
25
26
27
30
30 November 2017