Solar developer Nexamp and private equity firm NuGen Capital Management on July 31 marked the first month of operation of a 2.4-MW solar facility at Fairview Farms in Whately, Mass.
The project will provide a consistent source of income to the multi-generational family farm that hosts the array as well as substantial energy savings for the University of Massachusetts Amherst.
Nexamp developed, designed, constructed and will operate the 8,129-panel ground-mounted array. NuGen Capital Management owns the project.
“Farmers here have three to four month periods of no income, and the regular income from this project will help even out the seasonal variability,” said Alan Sanderson, owner of Fairview Farms.
The project will also produce enough electricity annually to power nearly 400 homes while generating net metering credits that will provide long-term energy savings to the University of Massachusetts Amherst. The university has agreed to purchase the net metering credits for this project, as well as another 1.5 MW generated from a second Nexamp developed, designed and constructed solar project at a farm in Hadley, Mass.
“We are proud to partner with Nexamp and NuGen to expand the amount of clean, renewable energy available in Massachusetts,” said Juanita Holler, UMass Amherst’s Associate Vice Chancellor for Facilities & Campus Services.
“Our partnerships with these farms and UMass Amherst are great examples of how solar energy can enhance our partners’ missions,” said Zaid Ashai, Chairman and CEO of Nexamp.