Constellation Energy Notes Solar Capital Commitment

Baltimore-based Constellation Energy plans to support the development of commercial photovoltaic power systems with a $90 million solar capital commitment. To maximize the value of government renewable incentives, the $90 million set-aside will be available for customer-sited solar installations of 500 kW or larger that begin construction before mid-year.

The capital commitment enables Constellation Energy to finance, design, construct and own solar installations for customers and supply the power generated on-site to the customer, the utility says. This structure makes it possible for customers to deploy on-site solar and meet sustainability goals without incurring up-front costs.

Approximately $18 million of the capital commitment has already been committed to projects that will be developed in Maryland and New Jersey.

SOURCE: Constellation Energy

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