Constellation Signs 175 MW Solar Agreement To Supply An Aggregation Of Three Commercial Customers
September 18, 2019 Email This Story Copyright 2010-19 EnergyChoiceMatters.com
Reporting by Paul Ring • email@example.com
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Constellation has announced an agreement with three commercial customers to power their operations with solar energy under a 15-year agreement which begins in 2021
Constellation said that, at 175 megawatts, this project is the largest of its kind for Constellation, an Exelon company
The customers are Johns Hopkins University, McCormick & Company, and the TJX Companies, Inc., which have each agreed to purchase the renewable power and project-specific renewable energy certificates (RECs) from the Skipjack Solar Center.
The Johns Hopkins University Applied Physics Laboratory (which would initially purchase only project-specific RECs) also is a part of this deal, among other Johns Hopkins’ campuses in Maryland and Washington, DC.
The Skipjack Solar Center is being developed in Charles City County, Va. and is expected to come online in 2021. The project is being built by sPower, an AES and AIMCO Company
To simplify the purchase, each of the three customers will use Constellation’s Offsite Renewables (CORe) retail power product, which Constellation said, "increases access to renewable energy for commercial customers by removing the significant hurdles that accompany traditional offsite power purchase agreements (PPAs)."
As part of this transaction, Constellation will purchase energy and RECs from the Skipjack Solar Center and will then sell the power and project-specific RECs to the customers.
"This collaboration with retail customers is the largest ever for Constellation. By combining the simplified contracting and aggregation process of CORe with the commitment and involvement from sustainability-minded companies such as these, Constellation is able to offer more customers access to the economic and sustainability benefits of large-scale, offsite renewable energy projects," Constellation said
McCormick & Company manufactures, markets and distributes flavorful products to the entire food industry. McCormick & Company will use the energy to power its Maryland and New Jersey-based facilities, including its corporate headquarters, four manufacturing plants, and two distribution centers.
TJX Companies, Inc., operates off-price apparel and home fashion retailers