To benefit the rate-payers and member-towns of the Cape Light Compact, the Cape & Vineyard Electric Cooperative (CVEC) was created in 2007. Since its creation, CVEC has been successful in its mission to bring forward price-stabilizing Renewable Energy installation to the Cape and Martha’s Vineyard through multiple rounds of photovoltaic (PV) development. So far there have been three rounds of photovoltaic initiatives sponsored by the Cape & Vineyard Electric Cooperative.
The “Initial Round” of about 750 kilowatts of PV (CVEC-7) was awarded to winning bid contractor, Con Edison Solutions, in 2010.See below for more information on CVEC’s Initial PV Initiative.
CVEC’s PV Round 1 Initiative awarded about 16 megawatts (MW) of PV to winning bid contractor, American Capital Energy, in 2011. As of August 1st 2014, 4 of the 8 Round 1 PV projects await utility interconnection. See the box below entitled “CVEC PV Projects On-line” for review of projects having achieved interconnection completion. See below for more information on CVEC’s Round 1 PV Initiative.
The Round 2 PV Initiative, initially consisting of over 50 megawatts of photovoltaics, was awarded to winning bid contractor, Broadway Electrical, in 2012. Over time, Round 2 was reduced to about 12 MW of PV and is currently in construction phase under contractor, G&S Solar Installers. See below for more information on CVEC’s Round 2 PV Initiative.
CVEC’s Round 1 and Round 2 PV Initiatives were procured using an energy management services (EMS) public procurement authority. All of these solar EMS projects utilize a third party ownership structure and the same set of three project agreements. A governmental entity participating in CVEC’s procurement enters into two inter-governmental agreements with CVEC: (1) a project development agreement that provides CVEC real property and development rightsto construct the solar project and the authority to assign all of CVEC’s rights to a developer; and (2) a net metered power sales agreement for purchase of the net metered power from the solar project. CVEC then enters into an EMS agreement with the developer that receives a contract award under the EMS procurement. Under the EMS agreement CVEC assigns to the developer its real property and development rights and agrees to pay the developer a net metered power purchase price that CVEC then, in turn, recovers under the intergovernmental net metered power sales agreement. Under this project structure, the developer is the owner of the solar system and retains title to the solar energy credits generated by the solar system. The developer finances the project utilizing tax credits/incentives and the expected proceeds from the solar renewable energy credits. CVEC’s member municipalities and other participating governmental entities benefit from the net metering credits associated with the generation of net metered energy from the solar project. Click here for a sample intergovernmental project development agreement.
~ More Information on CVEC’s three PV Initiatives ~
In 2010 CVEC, with its project partner ConEdison Solutions in the role of Power Purchase Agreement provider, completed installations totaling approximately 750KW of photovoltaic power at 7 CVEC member sites across Cape Cod and Martha’s Vineyard. This is enough clean, renewable electricity to power over 125 homes and offset .517 metric tons of CO².
The amount of electricity these installations are now providing and the CO2 being offset can be viewed on-line:
In 2011 CVEC contracted with American Capital Energy for 10 Power Purchase Agreements which are to bring approximately 16 megawatts of photovoltaics to the Cape and Martha’s Vineyard, largely through PV installations on capped landfills. (To see Press Release, click here. To see Press Event Presentation, click here.) The 16 MW PV project is expected to produce 22,552,200 kWh per year; enough energy to power 3,132 Cape and Vineyard homes.
CAPE & VINEYARD ELECTRIC COOPERATIVE ANNOUNCES GROUND BREAKING CEREMONIES FOR EIGHT SOLAR PROJECTS
Cape & Vineyard Electric Cooperative, Inc. (CVEC) is pleased to announce ground breaking ceremonies to kick off their eight (8) solar photovoltaic (PV) projects to be constructed on Cape Cod and Martha’s Vineyard in 2013 – 2014.
To date, CVEC is engaged in two PV Initiatives; Round 1 consisting of approximately 16 MW for 7 municipalities & Round 2 consisting of approximately 20 MW for 10 municipalities and districts. The CVEC PV Initiatives offer unique project structures that take advantage of federal and state incentives for solar development and allow bundling leverage as CVEC procures and develops projects on behalf of its municipal members. These initiatives will make significant strides towards a sustainable Cape Cod and Martha’s Vineyard.
The energy produced from all eight (8) projects represents 26% of the Cape & Vineyard municipal load and 1.1% of the total energy load for all customers on the Cape & Vineyard. The greenhouse gas reduction from these projects can be measured as the equivalent of removing 2,639 passenger vehicles from the road.
American Capital Energy, Inc. (ACE) was selected as the project developer and builder through a competitive bidding process. ACE is a Massachusetts company with headquarters in Lowell, MA. ACE will use local labor for construction. Clean Focus Corporation is providing construction and permanent financing and will own and operate all eight (8) CVEC projects.
About Cape & Vineyard Electric Cooperative
The Cape & Vineyard Electric Cooperative, Inc. (CVEC) is an electric cooperative comprised of 17 towns on the Cape and Martha’s Vineyard plus Barnstable County, Duke’s County and the Cape Light Compact. CVEC was formed out of a strategic planning process commissioned and undertaken by the Cape Light Compact (CLC) in 2007. CVEC’s objectives include developing and/or owning renewable electric generation facilities and procuring or selling long-term electric supply or other energy-related goods and services at competitive prices to member communities and consumers within member communities. (www.cvecinc.org)
About American Capital Energy
American Capital Energy, Inc. (ACE) is the solar developer and builder for the CVEC projects. American Capital Energy is an award winning national solar engineering, procurement and construction contractor and solar developer. Specializing in large complex roof and ground mounted systems, ACE designs, finances, installs and implements solar systems for commercial, municipal, and utility clients. Founded in 2005, the company has installed more than 50 large-scale PV projects in nine states, and has developed over 35 MW of PV projects on landfills and brownfields. ACE is committed to changing the way electricity is made, and looks forward to helping CVEC to bring Cape Cod and Martha’s Vineyard closer to sustainability.
About Clean Focus
Clean Focus Corporation develops, finances, owns, and operates large commercial, small utility, and municipal solar power installations across the United States and selectively throughout the Americas. Clean Focus fosters strategic partnerships with early stage developers and EPCs to achieve project-specific goals. Clean Focus provides flexible financing (long-term PPA’s or leases) to accommodate a wide range of sites and offtakers and to satisfy complex stakeholder relationships. Founded in 2008 and headquartered in Silicon Valley, Clean Focus delivers reliable, speedy, highly competitive financing solutions for solar power projects. (www.cleanfocus.com)
On September 21, 2011 CVEC released a “Request for Proposals” (RFP) to further expand the Cape and Martha’s Vineyard Renewable Energy portfolio through the addition of a possible 50 MW of photovoltaics. Approximately 60 Cape & Martha’s Vineyard municipal buildings were included in Round II. Also, in keeping with a policy paper issued by the Massachusetts Department of Environmental Protection in 2011, properties in various Water Districts from Sandwich to Provincetown were reviewed for possible installation.
On April 4, 2012, Broadway Electric Company of Boston Massachusetts was awarded the CVEC contract for Round 2 in multiple tiers. In December, 2013 G&S Solar Installers took over construction of CVEC’s PV Initiative Round 2. Construction for Round 2 under G&S Solar Installers is underway and projects will be ready for grid interconnection starting in June 2014 and continuing through August 2014.