UGE develops over 100 MW of solar and also storage space in Massachusetts
- UGE International Ltd (CVE: UGE) announced today it has actually gotten in the marketplace in Massachusetts where it currently has more than 100 MW of solar-plus-storage and also standalone storage space projects in the early stages of development.
The solar as well as storage company stated that all projects within its pipeline have been come from by its very own development team and also the majority of are standalone schemes. The initial ones are anticipated to enter UGE's backlog by the end of 2021 and be know within 24 months.
The new projects will certainly gain from a brand-new payment programme known as the Clean Peak Energy Standard, which needs energies to purchase Clean Peak Energy Certificates (CPECs) from energy storage space suppliers.
The company's principal profits police officer Tyler Adkins commented that this is the 3rd new market for the firm this year.
At the same time, in New Jersey, the New Jersey Board of Public Utilities (NJBPU) has actually granted all three of UGE's entries in the local community solar program. They have actually a combined capacity of 2.2 MW and are being co-developed with one of the firm's real estate consumers. The solar arrays must be mounted next year.
