Community Energy closes financing, begins construction on 6MW solar project in Pennsylvania

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    Keystone Solar Project in Lancaster County, PA. Image: Community Energy Solar

Financials

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Community Energy Solar advised that it had not only closed financing its 6MW Keystone Solar Project in Lancaster County, Pennsylvania, but that it had also started on its construction through its partner groSolar. Nearly 20,000 Canadian Solar 290W solar modules are being installed on fixed-tilt, ground-mounted aluminum racking provided by Schletter and will be interconnected to the PPUL Electric grid at 12kV with AE inverters and platforms.

Exelon Generation and Community Energy’s retail marketing division agreed to buy the output and back the financing for the project to customers who sign up for a share of the generation. Customers who have already signed up for the share of output include, Franklin & Marshall College, Eastern University, Clean Air Council, the Philadelphia Phillies and Millersville University.

“This is the greenest of the green—local jobs building fuel-free power that will last for decades,” said Brent Beerley, executive vice president of Community Energy. “Forward-thinking retail electric customers, backed by Exelon Generation on wholesale, and leadership from East Drumore township, the State of Pennsylvania, and the PA Sustainable Energy Fund were all part of making this happen, and we’re under construction with an experienced team led by contractor groSolar using Canadian Solar modules. We couldn’t be happier with the team,” he said.

The project will provide around 7.5 million kWh of electricity per year under a 15-year PPA with Exelon. Financing and funding for the project was received from the Ben Franklin Technology Partnership, the Sustainable Energy Fund and the State of Pennsylvania.

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