Please do not leave this page until complete. This can take a few moments.
Westford is set to become the site for the state's largest privately owned solar plant under a plan by Boston developer Cathartes Private Investment and North Andover solar developer Nexamp.
The two companies plan to begin construction this fall on the $23-million, 4.5-megawatt solar panel field, which will be located on 22 acres of industrial land by Route 3. The companies say the solar field will provide enough electricity for more than 600 homes.
The state has approved a $5.8-million Qualified Energy Conservation Bond for the project. Other financing comes primarily from Cambridge Savings Bank, with Middlesex Bank assisting with the funding.
The developers say the installation will create more than 50 jobs during construction and operations.
Cathartes owns the land and is lead developer for the project. Nexamp is an equity partner and will build and operate the solar field.
Massachusetts has been pushing for solar developments throughout the state with incentives. According to the Massachusetts Clean Energy Center, 92 megawatts worth of solar installations were either operational or in the process of being installed as of January, up from just 3.5 megawatts in 2007.
When the project becomes operational, Cathartes will receive solar renewable energy certificates from the state, which can be sold to utilities or other energy suppliers under the Massachusetts Renewable Portfolio Standard.
National Grid will connect the facility to its grid and purchase the power through the Massachusetts net metering law.
The project is scheduled to be built in two phases, each utilizing 7,000 solar panels on 11 acres.
Stay connected! Every business day, WBJ Daily Report will be delivered to your inbox by noon. It provides a daily update of the area’s most important business news.
Sign upWorcester Business Journal provides the top coverage of news, trends, data, politics and personalities of the Central Mass business community. Get the news and information you need from the award-winning writers at WBJ. Don’t miss out - subscribe today.
SubscribeWorcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
See Digital EditionStay connected! Every business day, WBJ Daily Report will be delivered to your inbox by noon. It provides a daily update of the area’s most important business news.
Worcester Business Journal provides the top coverage of news, trends, data, politics and personalities of the Central Mass business community. Get the news and information you need from the award-winning writers at WBJ. Don’t miss out - subscribe today.
Worcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
This website uses cookies to ensure you get the best experience on our website. Our privacy policy
To ensure the best experience on our website, articles cannot be read without allowing cookies. Please allow cookies to continue reading. Our privacy policy
0 Comments