OneEnergy Renewables and Constellation announced Oct. 23 the development of a 4.3-MW solar project located on the Eastern Shore of Maryland.
The off-site system, which is part of an innovative electricity supply agreement between Constellation and the National Aquarium in Baltimore, will provide power for approximately 40% of the Aquarium’s electricity requirements for the next 25 years.
OneEnergy’s Purpose-Built Solar program, which connects large electricity users with custom-built, off-site projects, will enable the National Aquarium to procure power from Constellation at a fixed price equal to the amount of power generated by the solar facility. By avoiding the size constraints of the National Aquarium’s roof, OneEnergy was able to tailor the project to better meet the Aquarium’s energy and financial profile. Constellation will finance, build, and own the system.
“To date, corporate and institutional customers have primarily adopted solar through on-site, net-metered systems,” said Bryce Smith, CEO and co-founder of OneEnergy Renewables. “With Purpose-Built Solar, organizations like the National Aquarium can now access solar power at scale and enjoy the economic benefits that only large, optimally sited projects offer. Direct engagement with grid-connected projects is redefining how large electricity customers will go solar.”
“This project with OneEnergy Renewables and Constellation really allows us to ‘walk our talk’ as a conservation organization,” said John Racanelli, CEO of the National Aquarium.
“Constellation is proud to support the National Aquarium’s energy and environmental goals,” said Brendon Quinlivan, director of solar development at Constellation. “This project with OneEnergy Renewables is an example of our commitment to developing products and services that give customers greater flexibility in managing their energy costs while supporting the use of clean, renewable energy.”
Constellation will fund, construct and operate the 4.3-MW (dc) grid-connected solar generation project in Cambridge, Md. Scheduled for completion in March 2015, the system is designed to generate an estimated 5.8 million kilowatt hours during its first year of operation. The Aquarium will receive solar renewable energy credits from the solar power system for a portion of the term of its electricity supply agreement. Also, the long-term power agreement enables the Aquarium to receive a fixed price for electricity supply equal to the amount of power generated by the solar facility while retaining the ability to purchase the remainder of its electricity supply at market rate under Constellation’s flexible index program.
OneEnergy Renewables, a project developer focused on middle-market (2 MW to 50 MW) projects, led the pre-construction development efforts for the solar power system. The solar power system will be comprised of approximately 14,500 photovoltaic panels located on approximately 22 acres.
OneEnergy Renewables develops distributed, utility-scale solar PV projects and creates next generation power purchase agreement (PPA) products that expand the marketplace for clean energy.
Constellation is a leading competitive retail supplier of power, natural gas and energy products and services for homes and businesses across the continental U.S. Baltimore-based Constellation is a subsidiary of Exelon Corp. (NYSE: EXC).