Retail Supplier Parent Signs Joint Development Agreement With Community Solar Developer To Deploy "Large Scale" Community Solar
October 31, 2017 Email This Story Copyright 2010-17 EnergyChoiceMatters.com
Reporting by Paul Ring • firstname.lastname@example.org
ENGIE and Clean Energy Collective (CEC) announced a joint development agreement through which the two companies will share financial and technological resources to develop and deploy a large-scale portfolio of community solar projects across several Northeastern states that will serve residential, commercial and public entities.
This new portfolio of community solar projects will be in addition to the Sept. 7, 2017 announcement that both companies worked together to complete a Massachusetts community solar portfolio consisting of 17 solar facilities.
The companies said that, "The combined venture leverages the strength of ENGIE's [retail] customer base and balance sheet with CEC's proven expertise in creating markets, developing projects and managing construction and operations of solar assets."
"CEC will leverage its Community Solar Platform, proprietary technology enabling successful community solar program design, integration and execution. This joint venture paves the way to scale access faster than would be possible through either company's individual efforts. The companies will jointly own and operate the community solar projects pursued through the joint development agreement," the companies said