28 Jul '15, 2pm

NRG Energy says 1 MW 'shared solar' project represents direction of community #solar business

Princeton, N.J.-based NRG Energy Inc. has completed a 1 MW community solar project in Freetown, Mass. The facility serves approximately 160 households. Subscribers to Freetown's shared solar project entered into a 20-year agreement with NRG Home Solar. Customers will earn credits toward their energy bill that are calculated based on how much renewable energy their portion of the project generated in a billing cycle. NRG Energy says the project represents its strategy for addressing the community solar market, wherein NRG Home Solar acquires and retains customers through its retail and residential solar businesses and NRG Renew sources, constructs and operates the renewable energy projects. Investment financing is provided by NRG Yield. NRG Renew partnered with Borrego Solar Systems to develop the Freetown site and construct the system. Proto, from left to right: Dan Hendri...

Full article: http://www.solarindustrymag.com/e107_plugins/content/cont...

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