Community Energy Inc. signs deal to develop Maryland solar farm
Community Energy Inc., a Radnor renewable-energy developer, has signed an agreement with Eastman Chemical Co. to develop a 5-megawatt solar-generation facility on Maryland’s Eastern Shore.
The specialty-chemicals company will buy power from the solar farm for 20 years.
“This long-term power-purchase agreement converts the company’s power consumption at its locations near the solar facility from a short-term expense to a long-term commitment that enables new, clean, renewable power,” said Jay Carliss, a Community Energy vice president.
The agreement will allow Community Energy to secure financing for the project, which will start generating electricity in 2016. Community Energy will sell the solar renewable-energy certificates generated by the farm into the Maryland compliance market.