NRG Says 1 MW ‘Shared Solar’ Project Represents Direction Of Community Solar Business

Posted by SI Staff on July 28, 2015 No Comments
Categories : New & Noteworthy

15513_nrghomesolar04cropped NRG 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.

Photo, from left to right: Dan Hendrick of NRG; U.S. Representative Joe Kennedy III of Massachusetts; Kelcy Pegler Jr., president of NRG Home Solar; and Patrick Sullivan of NRG tour the 1 MW shared solar site in Freetown, Mass. (Aynsley Floyd/AP Images for NRG)

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