27 May '13, 2am

Martha’s Vineyard, Cape Cod Going Solar Thanks to $120M in Financing

Rockland Capital has raised $120 million in financing to support solar installations in nine towns along Cape Cod and Martha’s Vineyard in Massachusetts. The financing will allow Broadway Electrical to install more than 37 megawatts of photovoltaic (PV) projects throughout the region, including projects on landfills and rooftops. The projects have been in the works for a while and the 37 megawatts falls short of the nearly 50 megawatts of projects originally planned, the projects will supply power for the Cape & Vineyard Electric Cooperative’s customers throughout the region. When the projects were announced in April 2012, the contract consisted of two project tiers. The first was 25.8 megawatts of solar PV projects and the second consisted of 23.5 megawatts. In all, it totaled 44 projects throughout the region. The contract now consists of 27 projects, which will supply p...

Full article: http://www.renewableenergyworld.com/rea/blog/post/2013/05...

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