To benefit the rate-payers and member-towns of the Cape Light Compact, the Cape & Vineyard Electric Cooperative (CVEC) was created in 2009. 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 development.
CVEC announces award of PV Initiative Round II
25.833 MW Tier 1 and 23.538 MW Tier 2:
Information on CVEC 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 2010 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.
NStar interconnection approval has been granted and the Massachusetts System of Assurance of Net Metering Eligibility has been secured. Construction should begin in 2013. Once completed, CVEC’s Round I PV initiative, totaling 16MW, will provide a national example of a regional renewable energy cooperative. The tremendous end-benefits both in electricity price stabilization and carbon reduction will be significant.
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 30 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 II. On May 13, 2013 Broadway Electric announced that Rockland Capital had closed on funding for the Round 11 CVEC projects. Broadway is currently finalizing permitting. Begin of construction for Round 11 is estimated for fall 2013.