Constructed has commenced on Agilitas Energy’s new Massachusetts community solar project. The leading solar developer recently broke down on the new Solar Massachusetts Renewable Target (SMART) Program, which is being built in Auburn, MA. The installation will be photovoltaic and will be utility-scale to cater to a more extensive customer base.
Agilitas initially secured the project in March and immediately went into securing financing through 1st Source Bank. The funding was provided via a construction loan, permanent financing, and tax equity. It will site on a 124.7-acre parcel and, once powered on, will generate enough power to keep approximately 1,200 homes running each year. The new Massachusetts community solar project will increase the state’s solar portfolio, adding 3,200-megawatts. This will bring the total capacity in Massachusetts to meet 13% of its annual energy needs.
The Auburn project was designed to be a community solar project that will benefit residents of the town. Ampion Energy customers will be able to subscribe to the project and receive a credit on their monthly utility bill. Along with residential customers and hundreds of organizations, Sturdy Memorial Hospital is the largest to sign a long-term Power Purchase agreement that will provide energy savings for 20 years. According to Ampion CEO Nate Owen, community solar is an easy way to save money while also providing a means of supporting renewables.
Engineering will be handled by Agilitas’ engineering, procurement, and construction team. This will allow the energy company to optimize the site’s design and stick to its high standards. Construction may have just begun, but Agilitas projects that it will be completed by the fourth quarter of 2020. It will start generating power by the second quarter of 2021.
The Auburn project is only one of Agilitas’ latest efforts. It has been developing SMART installations throughout the Northeast to expand clean energy options.