Atlantic Energy Solutions has divulged that it is engaged in strategic negotiations with an unnamed land owner from the west coast of Florida to build a multimegawatt-scale solar photovoltaic power plant. The company says that such a facility would produce enough electricity for approximately 12,500 homes and provide an alternative energy source that can be sold to one or more Florida electric companies.
These strategic discussions have involved developing a long-term energy vision with the land owners and municipalities while providing a state-of-the-art energy source that benefits all facets of municipality energy needs, according to Atlantic Energy.
The project, currently in the developmental stages, would result in the installation of a 50-MW solar PV power plant. In addition to servicing the needs of homes, municipalities, and electric utility companies, Saratoga Springs, NY-based Atlantic Energy says it would operate and maintain the plant for 20-30 years.
The energy produced by the PV solar plant will be sold as electricity and provide recurring revenues for Atlantic Energy, the land owner, and the municipality over the lifetime of the energy efficiency and resource company’s involvement with the plant, the company says.
“This large-scale solar PV project is in synch with our strategic plans for delivering on ‘green technology’ and directly coincides with supporting initiatives within Florida’s Renewable Energy Portfolio,” said company CEO Timothy Brock. “This is a great example of the diversity we expect to show in our future projects.”
In late October, Atlantic Energy accepted a two-year, $10 million term sheet from Trafalgar Capital, with the funds designated to support the company’s growth initiatives in solar and other new energy projects.