EDF Renewable Energy Closes MIPSA on Lancaster Solar Project and Commences Construction

SAN DIEGO--()--EDF Renewable Energy announces the close of the Membership Interest Purchase and Sale Agreement (MIPSA) and start of construction for the Lancaster Solar Project. EDF Renewable Energy and Urban Green Technologies LLC (UGT), a utility-scale solar developer, signed the MIPSA in October 2013.

The 5.86 MWp ground-mount fixed tilt solar photovoltaic project is located on approximately 26 acres of privately owned land at the former Shirley Airport, 50 miles northwest of Boston, Massachusetts. The power generated will be delivered to the Town of Billerica, Massachusetts under a long-term Power Purchase Agreement, pursuant to the State’s Virtual Net Metering Credits Program. EDF Renewable Energy will develop, own and operate the solar project with commercial operation expected in Spring, 2014.

“EDF Renewable Energy is pleased to continue to deploy our solar development expertise in Massachusetts to help the Commonwealth achieve its ambitious goal of 1,600 MW of solar installations by 2020,” said Nader Jandaghi, Director of Commercial Solar for EDF Renewable Energy. “The Lancaster solar project adds to the Company’s 300+MWp development portfolio of both distributed generation and utility-scale solar projects across North America and will deliver cost-competitive renewable energy and economic benefits to the host communities. We extend our gratitude to the town officials of Lancaster, Shirley and Billerica for their strong support for the project and we look forward to continue to work closely to deliver clean solar power at a time when communities are seeking cost-effective energy solutions that reduce greenhouse gases.”

EDF Renewable Energy has also executed an Engineering, Procurement, and Construction (EPC) contract with M+W U.S., Inc. Through an integrated approach, M+W US will contract with Gehrlicher Solar America Corp. (GSAC) to execute the implementation of the project.

About EDF Renewable Energy:

EDF Renewable Energy is a leading U.S. independent power producer with more than 25 years of expertise in the renewable industry, covering all range of services from project development, management to operations and maintenance. EDF Renewable Energy specializes in wind and solar photovoltaic with presence in other segments of the renewable energy market: biogas, biomass, hydro, marine energy and storage solutions. The company develops, constructs, operates and manages renewable energy projects throughout the United States for its own accord as well as for third parties. EDF Renewable Energy’s portfolio consists of 4 gigawatts of developed projects with 1.9 gigawatts of installed capacity. EDF Renewable Energy is the U.S. subsidiary of EDF Energies Nouvelles. EDF Energies Nouvelles is the renewable energy arm of the EDF group, the leading electricity company in the world. For more information visit: www.edf-re.com

Contacts

EDF Renewable Energy
Sandi Briner, 858-521-3525
Sandi.Briner@edf-re.com

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Contacts

EDF Renewable Energy
Sandi Briner, 858-521-3525
Sandi.Briner@edf-re.com