Exelon and SunPower Corp. have signed an agreement to develop what the companies state is the U.S.' largest urban solar power plant. The 10 MW project, which will be sited at a former industrial site on Chicago's South Side, is scheduled for completion by the end of this year.
The $60 million project is contingent upon Exelon's receiving a federal loan guarantee under the recently passed American Recovery and Reinvestment Act, which includes provisions for investment in green jobs and emissions reduction. Exelon is seeking a loan guarantee for up to 80% of the project cost from the U.S. Department of Energy Loan Guarantee Program Office.
Exelon plans to lease 39 acres of the West Pullman Industrial Redevelopment Area from the city of Chicago for the project. The former industrial site is a brownfield property that will be redeveloped for productive reuse. Exelon Generation will own and operate the plant and market the electricity and solar renewable energy certificates it generates. SunPower will design, manufacture and install the solar system.
SOURCES: SunPower, Exelon