Solar Power the Choice of Boonsboro, Maryland to Reduce Energy Expenses
Empower Energies and RER Energy Group Announce Construction of a 936.5 kilowatt Solar Array to Generate Low Cost, Renewable Energy for the Town of Boonsboro
FREDERICK, MD – December 17, 2015 – Empower Energies, a leading clean energy project solutions company, announced the construction of a 936.5 kWDC solar array in the Town of Boonsboro, MD. The project will feature 3,021 (310-watt) photovoltaic solar modules situated on approximately six (6) acres of land adjacent to the Town’s waste water treatment plant.
“Leveraging low cost solar power to address the energy needs of our community will deliver significant savings over the next 25 years,” saidBoonsboro Town Manager Megan Clark. “We are pleased this project is moving forward, as it delivers strong value to our constituents and showcases Boonsboro as a regional leader in renewable energy production.”
“The thoughtful vision and careful consideration by Boonsboro’s town leadership were essential to the project’s success,” said Jim Kurtz, President of RER Energy Group. “This project will generate value for the people of Boonsboro for the next two decades and beyond.”
The project was financed using a Power Purchase Agreement (PPA), a third-party contract that enables Boonsboro to enjoy low-cost solar electricity generation without any “out-of-pocket” expense.
Sol Systems, a Washington, DC-based solar energy finance and investment firm selected by Empower Energies and RER Energy Group, arranged financing of the project. The array will be financed, owned, and operated by Washington, D.C.-based WGL Energy, a WGL entity that delivers a full ecosystem of energy offerings across the country.
“No capital expenditures or up-front costs were incurred, so we will benefit from lower energy bills as soon as the installation is completed,” added Town Manager Clark.
“We are very pleased to partner with Empower Energies and fund this energy project, which will help lower the town’s electricity bills as well as promote the use of alternative energy solutions throughout Maryland and beyond,” said Colin Murchie, Senior Director of Project Finance at Sol Systems.
“The success of an energy project requires close collaboration between town leadership, financial partners, and the development team. With Empower Energies acting as hub, we collectively delivered a seamless and cost-saving solution to Boonsboro,” said Len Jornlin, Chief Executive Officer of Empower Energies. “We are grateful to the Mayor, Town Council, and partners RER Energy Group and Sol Systems for their support of this project that directly benefits the Boonsboro community.”
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