Nexamp announced Jan. 20 that a 4.4-MW solar project in Charlton, Massachusetts, achieved commercial operations at the end of December.
This marked the 21st megawatt of solar power commissioned by the company in the Commonwealth in 2014. The project was made possible by last April’s expansion of the Massachusetts Solar Carve-Out Program, known as SREC-II, designed to maintain and expand the successful development of solar installations that have kept the Commonwealth at the forefront of clean energy deployment. This is the largest project under the 2014 Managed Growth portion of the SREC-II program.
“Westford is committed to progressive strategies to reliably reduce its energy use and electricity costs,” said John Mangiaratti, assistant town manager for the town of Westford. “Our net metering credit partnership with Nexamp has allowed us to do so while supporting local sources of renewable energy and this is a remarkable achievement for our Town.”
“I’m extremely proud of our team’s accomplishments in 2014 and we look forward to an exciting year ahead for Nexamp,” said Zaid Ashai, Nexamp Chief Executive Officer. “Our Charlton project will set the standard for our team in 2015 as we continue to expand our solar asset base in Massachusetts and other promising markets that have taken cues from the success of the policy makers on Beacon Hill.”
The project was financed through a combination of tax equity investment managed by Sol Systems, debt, and Nexamp’s equity investment.