PsomasFMG, a California-based provider of turnkey solar solutions, and Constellation, an Exelon company, have announced an agreement to develop up to 50 MW of solar distributed generation projects for California-area schools and municipalities through the end of 2015.
The agreement calls for Constellation to provide financing to build, own and operate the solar power systems and sell the electricity generated by the systems to customers through power purchase agreements.
To date, four solar projects have been completed or are currently under construction in Southern California: an 878 kW system for Castaic Union School District in Valencia, a 7.6 MW portfolio of systems for Chaffey Joint Union High School District in Ontario, a 1 MW system for Keppel Union School District in Pearblossom, and a 976 kW system for the City of Palmdale.
"During a time when many schools and public agencies are dealing with major budget constraints, on-site solar generation through a power purchase agreement is a way to reduce electricity costs," says Lou Kwiker, CEO of PsomasFMG.
"With more than 40 megawatts of project experience and a strong reputation with its customers, PsomasFMG is a natural fit as we expand our solar energy capabilities for businesses and public agencies in California," adds Brendon Quinlivan, director of solar sales for Constellation." We look forward to working with PsomasFMG to help customers meet their environmental goals and better manage their energy costs."
Constellation currently owns more than 180 MW of solar installations that have been completed or are under construction for commercial, industrial and government customers throughout the U.S. Of that total, the company has installed 90 MW of solar installations for school and municipal locations in California and Arizona.