Constellation takes on 4.35-MW PV project in Arizona
Aug 14, 2012 - US Constellation Energy, part of Exelon (NYSE:EXC), today said it had agreed to develop a 4.35-MW photovoltaic (PV) project on sites of the Casa Grande Union High School District in the state of Arizona.
The given capacity is in direct current (DC).
Under the agreement, Constellation will finance, own and operate the solar power installation, which will include four solar systems to be installed on the campuses of three schools and on the district's transportation centre. The school district will buy the solar power output at a fixed rate under a 20-year power purchase agreement.
The solar systems, which will include a total of 18,232 PV panels, are expected to generate some 7 million kWh of combined power, saving 3,848 tonnes of greenhouse gas emissions a year. The output will be enough to meet up to 75% of the school district's power needs, according to Constellation.
US solar power developer Regeneration Finance and Kennedy Partners have initially developed the project and Core Construction will build it, with completion expected by December.
The project is partly financed by the Arizona Corporation Commission-approved APS Renewable Energy Incentive Programme which provides funding for up to 40% of the installation costs, Constellation added.