Italy-based Building Energy SpA has started construction on the Annapolis Solar Park, a 18 MW photovoltaic system stretching over an 80-acre area occupied by a landfill in Annapolis, Md.
The solar park, which will use over 50,000 panels to convert sunlight into electricity, will be among the largest solar projects exclusively installed on a closed landfill in the U.S. Building Energy will entirely own the power plant and operate the facility, whose construction is expected to be completed in spring 2018.
The City of Annapolis, Anne Arundel County and the Anne Arundel County Board of Education signed a power purchase agreements for the energy produced by the facility, which will be used to power city, county and school buildings and operations. Of the plant’s total production capacity, Anne Arundel County is purchasing 50%, the City of Annapolis 33%, and the Anne Arundel County Board of Education the remaining 17%.
According to Building Energy, several subcontracts have been awarded to local firms for the construction and operation of the plant, creating more than 100 green jobs. The project will also bring financial benefits to the City of Annapolis over the next 20 years, ensuring real energy cost savings.
“We are proud to begin construction of the solar park and to celebrate it with the representatives from the Annapolis community,” says Fabrizio Zago, CEO of Building Energy. “Building Energy, as owner of the entire solar asset, funded the development costs of the project, is responsible for the construction and operation of the facility and arranged a 36-million-dollar financial transaction through one of the largest financial services corporations in the U.S. This project represents a new success for our company, which is active along the entire chain of the renewable energy industry, from the development to the operation of renewable energy assets, in U.S. and abroad.”
Building Energy says it has been present in the U.S. since 2013 with more than 500 MW of projects under development, spread across different renewable energy technologies.