A 5MW solar farm in Pennsylvania has been acquired by an affiliate of D. E. Shaw Renewable Investments and project manager Bright Plain Renewable Energy.
The solar farm was developed by Community Energy Solar in Lancaster County, with power generator Exelon Generation contracted the project’s electricity output under a long-term power purchase agreement. groSolar, a commercial and utility-scale solar engineering, procurement and construction firm, acted as the turnkey EPC contractor.
Try Premium for just $1
- Full premium access for the first month at only $1
- Converts to an annual rate after 30 days unless cancelled
- Cancel anytime during the trial period
Premium Benefits
- Expert industry analysis and interviews
- Digital access to PV Tech Power journal
- Exclusive event discounts
Or get the full Premium subscription right away
Or continue reading this article for free
Nearly 20,000 Canadian Solar 290W solar modules are installed on fixed-tilt, ground-mounted aluminium racking provided by Schletter and will be interconnected to the PPUL Electric grid at 12kV with AE inverters and platforms.
“Keystone Solar represents an on-going effort by BPRE to enable the success of solar developers by providing knowledgeable, cost-competitive and reliable capital to solar projects at the start of construction,” said BPRE CEO David Buzby.
According to estimates by the US Environmental Protection Agency, the project will produce enough renewable power to avoid 5,726 tons of carbon dioxide emissions per year, equivalent to removing over 1,193 cars per year from Pennsylvania’s roads.
The acquisition was arranged by BPRE and financed with senior debt from KeyBank.