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 was awarded to winning bid contractor, Con Edison Solutions, in 2010. The Round 1 Initiative awarded about 16 megawatts of PV to winning bid contractor, American Capital Energy, in 2011. The Round 2 Initiative initially awarded over 50 megawatts of photovoltaics in multiple tiers to winning bid contractor, Broadway Electrical, in 2012. Tier 1 of Round 2, consisting of about 20 megawatts of PV, is currently moving into construction phase.
Construction on both Round 1 and Round 2 is due to begin in the fall of 2013.
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. On May 13, 2013 Broadway Electric announced that Rockland Capital had closed on funding for the tier 1 Round 2 CVEC projects, consisting of approximately 20 megawatts. Broadway is currently finalizing permitting. Begin of construction for Round 2 will begin in fall 2013.