US solar provider Real Goods Solar is to design, install and maintain four PV power plants totalling 3.5MW in the US state of Massachusetts with developer BlueWave Capital.
RGS Energy, the commercial and utility division of Real Goods Solar, will carry out the work. RGS Energy has said that it expects construction to begin on the four ground-mounted, fixed array projects in March and completed three months later, in June 2014. The plants will generate around 4.5 million kWh of electricity annually, offsetting over 75,000 tonnes of carbon dioxide.
Massachusetts has a state-wide target of installing 1.6GW of solar power by the year 2020. The RGS Energy/BlueWave Capital plants have been approved for the state’s Solar Renewable Energy Certificate 1 (SREC1) scheme. The SREC programme has resulted in the rapid spread of PV in the Commonwealth of Massachusetts.
General manager of RGS Energy, Tim Seamans said, “These projects are a great example of what is possible to accelerate the deployment of renewable energy both in Massachusetts and other states.”
John DeVillars, managing principal and founder of BlueWave Capital, which has offices in the US and South Africa, said that the project formed part of a portfolio of solar power projects BlueWave currently has under development that totalled nearly 60MW.
Real Goods Solar, listed on the NASDAQ exchange, enjoyed a rise in share price of 6.8% at the end of last week following the announcement. In a statement given at the beginning of November to accompany third quarter 2013 results, the company stated that it was “strongly positioned” for 2014.
Previous to that, in the final week of 2013, Real Goods Solar announced that it will also co-develop seven solar projects with a combined total capacity of 4.5MW in another New England state, Vermont, with development consulting and project financing firm Green Lantern Capital. The seven plants will generate around 5.3 million kWh of electricity annually, offsetting over 92,500 tonnes of carbon dioxide emissions. Vermont has a target in place of reaching 20% energy generation from renewable sources by 2017.