PsomasFMG and Constellation announce an agreement to develop up to 50 MW of distributed solar generation projects for California schools and municipalities through the end of 2015. Four solar projects have already been completed or are under construction under the agreement.
The system was just one of a number under a new agreement between the two companies, to develop up to 50 MW of distributed solar generation projects for California-area schools and municipalities through the end of 2015. Constellation will provide financing to build, own, and operate the solar power systems and will sell the electricity generated by the systems to customers through power purchase agreements (PPAs).
To date, three solar projects besides the Palmdale one have been completed or are currently under construction in Southern California: an 878 kW system for Castaic Union School District in Valencia, a 7.6 MW portfolio of systems for Chaffey Joint Union High School District in Ontario, and a 1 MW system for Keppel Union School District in Pearblossom.
The companies are getting in on a trend of cities and schools looking to save money with solar. “During a time when many schools and public agencies are dealing with major budget constraints, on-site solar generation through a power purchase agreement is a way to reduce electricity costs,” said Lou Kwiker, chief executive officer of PsomasFMG.
“With more than 40 megawatts of project experience and a strong reputation with its customers, PsomasFMG is a natural fit as we expand our solar energy capabilities for businesses and public agencies in California,” said Brendon Quinlivan, director of solar sales for Constellation. ”
Quinlivan added, “As a national energy supplier, Constellation is committed to providing customers opportunities for the adoption of distributed generation in parallel with their larger energy purchasing strategies. Structuring solar projects as power purchase agreements requires no upfront capital from customers, and provides them with fixed power costs that are often less than projected market rates.”
Constellation currently owns more than 180 MW of solar installations that have been completed or are under construction for commercial, industrial, and government customers throughout the U.S. Of that total, the company has installed 90 MW of solar systems for schools and municipalities in California and Arizona.