Constellation and Mohave Electric Cooperative Complete 13.8 Megawatt Solar Project
January 18 2017 - 4:30PM
Business Wire
Utility scale system utilizes tracking
technology to maximize energy output
Constellation, a subsidiary of Exelon Corporation and a leading
competitive retail energy supplier, and Mohave Electric Cooperative
(Mohave Electric) today announced the completion of a 13.8-megawatt
(DC) solar generation project in Fort Mohave, Ariz. The
ground-mounted solar power system is located across 84 acres and
fitted with a state-of-the-art single-axis tracking system that
enables the system to remain at an optimal angle to the sun
throughout the day, maximizing energy output.
“This project offers us a cost effective way to incorporate more
renewable power into our purchased power portfolio,” said Tyler
Carlson, Mohave Electric’s Chief Executive Officer. “Our members
want solar— they are for it as long as it’s cost effective for the
Cooperative.”
The project required no upfront capital from Mohave Electric.
Constellation owns and operates the solar power system. Mohave
Electric will purchase the electricity generated by the solar
panels from Constellation through a 30-year power purchase
agreement. The terms of the agreement provide periodic options for
Mohave Electric to purchase the facilities after six years.
“Constellation is pleased to continue to collaborate with Mohave
Electric to deliver renewable solar power to their members, while
pro-actively managing their purchased power costs long-term,” said
Brendon Quinlivan, executive director of distributed energy
origination for Constellation. “Structuring solar projects as power
purchase agreements enables municipal utilities and their consumers
to adopt solar energy solutions that may require no upfront
capital, and provide long-term fixed power costs that are less than
projected market rates.”
This project is the second solar generation system completed by
Constellation and Mohave Electric. It joins a 5-megawatt project
that was completed in 2015 at a nearby site. Together, the systems
are expected to generate approximately 38,000 megawatt hours of
electricity annually, or enough to power nearly 4,000 homes
according to US EPA data for the region.
Greenstone Renewables, an Arizona-based clean energy project
developer serving commercial and government customers, led the
pre-construction development efforts for the solar power
project.
Constellation currently owns and operates more than 400
megawatts of distributed generation that have been completed or are
under construction for commercial and government customers
throughout the United States, including approximately 300 megawatts
of solar installations. Within the solar portfolio, Constellation
has developed and owns approximately 70MW’s of solar systems
contracted with other utilities and affiliates throughout the
U.S.
Constellation commercial customers, universities, college
systems, hospitals and government agencies interested in on-site
solar installations may contact Constellation at
sustainable-solutions@constellation.com or 1-877-427-2005.
About Constellation
Constellation is a leading competitive retail supplier of power,
natural gas and energy products and services for homes and
businesses across the continental United States. Constellation's
family of retail businesses serves approximately 2.5 million
residential, public sector and business customers, including more
than two-thirds of the Fortune 100. Baltimore-based Constellation
is a subsidiary of Exelon Corporation (NYSE: EXC), the nation's
leading competitive energy provider, with 2015 revenues of
approximately $34.5 billion, and more than 32,700 megawatts of
owned capacity comprising one of the nation's cleanest and
lowest-cost power generation fleets. Learn more at
www.Constellation.com or on Twitter at @ConstellationEG.
About Mohave Electric Cooperative
Mohave Electric provides electricity to more than 40,000
services over some 1,512 miles of energized line, with a service
area of nearly 1,300 square miles across portions of Mohave,
Yavapai and Coconino Counties in northwest Arizona. As a
not-for-profit membership form of business, our cooperative is not
driven by profits, but by our values—Innovation, Accountability,
Integrity, and Commitment to Community. Our rates cover the cost of
doing business and are not marked up to generate a profit.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170118005099/en/
ConstellationChristina Pratt,
410-470-9700Christina.Pratt@constellation.com
Exelon (NYSE:EXC)
Historical Stock Chart
From Aug 2024 to Sep 2024
Exelon (NYSE:EXC)
Historical Stock Chart
From Sep 2023 to Sep 2024