2 Massachusetts area PV projects transform hands
- Cypress Creek Renewables has actually completed the sale of two Massachusetts community solar projects totalling 6.35 MW to fund manager CarVal Investors.
Situated in Bristol as well as Franklin counties, the centers were initially developed by Clean Energy Collective, after that bought by Cypress Creek, which finished all late-stage growth work. Construction is presently underway on both projects by specialist Signal Energy, with commercial operation anticipated in the springtime of 2021.
The projects have actually been established under the Solar Massachusetts Renewable Target (SMART) programme, which gives proprietors of PV power systems fixed price repayments for the solar power they create based on the kilowatt-hours of power produced. The state government previously this year increased its target under the plan from 1.6 GW to 3.2 GW.
Cypress Creek, which will certainly give procedures as well as maintenance services for the two projects when completed, last month safeguarded financial obligation funding for the holding company that possesses its 1.6 GW portfolio of running solar projects.