OneEnergy Dorchester LLC must obtain revenue from the sale of the Renewable Energy Credits from its Maryland solar project in order to secure financing with a targeted date to begin receiving such revenue in January 2016, said Leslie “Gia” Clark, Manager of Project Development for OneEnergy Renewables.
Clark provided Dec. 19 testimony at the Maryland Public Service Commission as part of the commission’s ongoing review of an Oct. 31 request for a certificate of public convenience and necessity for this 15.5-MW (ac) project, called the Linkwood Solar Farm.
“As a result, any delays in the project that extend the start of construction and operation may compromise the financing for the project,” Clark added. “In addition, Delmarva Power & Light representatives have indicated that fall and spring are the most efficient times for Delmarva Power & Light to conduct infrastructure upgrades as the local demand is lower during these times of year. It is our goal to align the project construction and interconnection work during summer/fall 2015 so that the project can begin operation by late fall 2015/early winter 2016. We hope to begin construction no later than June 2015.”
The company estimates that a May 11, 2015, certificate issuance is necessary to allow for sufficient time to allow construction to begin June 1, 2015.
OneEnergy Dorchester was formed in 2011 as a wholly-owned subsidiary of OneEnergy Inc. d/b/a OneEnergy Renewables. OneEnergy Renewables develops utility-scale renewable energy projects (including with respect to siting, interconnection, permitting, offtake, financing and construction).