Customary Photo voltaic is increasing its group photo voltaic portfolio in Rhode Island by buying a 4.9 MW mission from Freepoint Photo voltaic LLC.
The Woodville ground-mounted group photo voltaic mission in Richmond, Rhode Island, was developed by Freepoint Photo voltaic. The array is anticipated to supply 7,700 MWh of vitality yearly.
Following the acquisition, Customary Photo voltaic will turn into the proprietor and operator of the long-term mission. The array will present clients with clear vitality produced regionally and assist obtain the state’s objective of transitioning to 100% renewable vitality by 2030, as mandated by 2020. state to profit from clear financial savings in vitality by offsetting their electrical energy payments with photo voltaic vitality.
This group photo voltaic mission comes at a time of rising electrical energy costs throughout the nation, with Rhode Island having a few of the highest charges within the nation.
“Offering much-needed reduction from rising vitality prices to clients is vital to sustaining a clear vitality financial system, and partnering with companions like Freepoint Photo voltaic brings us one step nearer to that.” objective,” mentioned Harry Benson, director of enterprise growth, Customary Photo voltaic. “This mission, which is able to serve a whole lot of communities, will play an essential half in transferring Rhode Island to a 100% renewable vitality state and assist obtain its objective of changing into the primary state within the nation that it may be accomplished by 2030.”
Along with accelerating the state’s clear vitality provide, the Woodville mission will create new long-term funding, financial savings and job progress alternatives all through the financial system.
Freepoint Photo voltaic managing director Peter Ford mentioned the corporate “continues to hunt alternatives in New England to help the area’s transition towards a renewable future.”
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