For Immediate Release: November 1, 2021
For More Information Contact:
Mariel Marchand – (508) 375-6623
Cape Light Compact Power Supply Customers to Receive 5 MW of Energy from new Solar Farm in Farmington, Maine.
Yarmouth, MA –
At the end of October, Farmington Solar, LLC, brought their new 77 megawatt (MW) solar project online. While the project is located in Farmington, ME, customers located on Cape Cod and Martha’s Vineyard will be able to reap the benefits of this renewable energy project through the Cape Light Compact’s power supply program.
Cape Light Compact (Compact) was formed in 1997 as a municipal aggregator serving the 21 towns of Cape Cod and Martha’s Vineyard. Municipal aggregation authorizes towns to pool their buying power, allowing them to negotiate the terms and conditions of a power purchase agreement (PPA) to supply electricity to their residents and businesses.
The Compact entered into a power purchase agreement (PPA) with a subsidiary of NextEra Energy Resources, LLC, to purchase energy and Massachusetts Class 1 Renewable Energy Certificates (RECs) from the Farmington Solar project. Class 1 RECs are generated by renewable energy facilities located in New England that began operation after 1997 and create electricity from solar photovoltaic (PV), solar thermal, wind, low impact hydro, aerobic digester gas, geothermal, etc.
Compact Administrator, Maggie Downey said, “This project offered the perfect opportunity for the Compact to participate in the expansion of renewable energy right here in New England. The Farmington Solar farm will help ensure our customers receive clean, affordable, and fixed-price energy as part of our power supply program.”
The Compact is one of the first municipal aggregators to sign a firm PPA for energy and RECs from a specific project. Through this PPA, the Compact will receive energy and Class 1 RECs from just under 5 MW of the project. The PPA between the Compact and Farmington Solar has a term of 20 years, with a fixed price for the duration of the term.
The full size of the Farmington project is approximately 77 MW. The Compact’s portion of the project is expected to generate approximately 8,720,000 kWh of energy each year, enough to power roughly 1,200 homes annually.
This PPA builds upon the Compact’s previous commitments to provide Cape and Vineyard electric customers with renewable energy options. In 2017, the Compact became a Green Aggregation, meaning that 100% of customer energy use was matched with Renewable Energy Certificates. In 2019, the Compact added the CLC Local Green options which allow customers to double down on local renewable energy by matching 50% or 100% of their usage with Class 1 RECs.
ABOUT CAPE LIGHT COMPACT JPE
Cape Light Compact JPE, is an award-winning energy services organization operated by the 21 towns on Cape Cod and Martha’s Vineyard and Dukes County. The Compact’s mission is to serve its 205,000 customers through the delivery of proven energy efficiency programs, effective consumer advocacy and renewable competitive electricity supply. For more information, visit www.capelightcompact.org.