Agilitas Energy has reached milestones for 2 Solar Massachusetts Renewable Target (SMART) tasks in its pipeline. The firm has accomplished the development of its largest utility-scale, coupled solar PV and battery energy storage system in Auburn, Mass. Now in industrial operation, the undertaking consists of a 7.3 MW DC solar array and a 3.6 MW/9.5 MWh energy storage system.
Several hundred organizations have signed long-term power buy agreements that assure energy financial savings for the subsequent 20 years.
Agilitas Energy has additionally acquired a construction-ready, front-of-the-meter PV and energy storage undertaking in Hopkinton, Mass., that may serve Eversource with a 5.8 MW DC solar array and 4 MW/9 MWh of storage capability. As a part of the undertaking, Agilitas Energy will put aside greater than 45 acres of open house for everlasting conservation and can donate greater than $10,000 for the development of a parking space to help entry to the path community on web site.
Both tasks will take part in ISO-New England markets and generate Massachusetts Clean Peak Certificates.
“Programs like SMART make a noticeable difference in empowering cost-effective solar development, and we’re confident these projects will help bring predictable, low-cost, clean energy to the communities that need it – other states should look to replicate what Massachusetts has done,” says Barrett Bilotta, president of Agilitas Energy. “Along those lines, we’re proud of the solar and storage projects we’ve built in our home state and across New England, and with our recent capital raise, we’re looking to replicate our success with utilities and municipalities throughout the U.S.”
The firm lately raised $350 million of fairness in a two-tiered funding from CarVal Investors L.P., financing that may fund a nationwide build-out of Agilitas Energy’s pipeline of renewable energy and battery storage programs. Agilitas Energy is actively setting up or growing a number of different coupled solar PV and energy storage tasks below the SMART program in varied cities throughout the Commonwealth.
