Borrego Solar Systems Inc., a designer, developer, installer and financier of solar PV systems, and Sustainable Power Group (sPower), a renewable energy provider, have commenced construction on a 9.1 MW solar project in New York.
The Riverhead Solar facility is located in Suffolk County, Long Island, on sPower-owned land. sPower has two additional projects under development in Suffolk County, with Borrego Solar again providing engineering, procurement and construction services. The projects will supply energy to PSEG-LI under the utility's Clean Solar Initiative Feed-in-Tariff (FIT) program. sPower inked a 20-year power purchase agreement with the utility at a fixed rate of $0.22/kWh.
‘We are pleased that construction has begun and are confident that, together with Borrego, we'll soon be able to start providing reliable, renewable power to PSEG-LI ratepayers while creating local sustainable jobs," says Ryan Creamer, CEO of sPower.
‘These projects mark Borrego and sPower's second portfolio under a utility FIT program – the first being an 8.3 MW portfolio under Southern California Edison's California Renewable Energy Small Tariff,’ notes Mike Hall, CEO at Borrego Solar. ‘Our partnership with sPower has been truly symbiotic."