National Aquarium and Constellation Sign Innovative 25-Year Electricity Supply Agreement Supporting Renewable Power in Maryland
October 23 2014 - 10:59AM
Business Wire
Constellation to develop a 4.3-megawatt,
grid-connected solar generation project on Maryland’s Eastern
Shore
The National Aquarium and Constellation today announced a
25-year competitive electricity supply agreement that will help the
Aquarium better manage energy costs and encourage the development
of renewable power in Maryland.
As part of the agreement, Constellation will fund, construct and
operate a 4.3-megawatt (DC) grid-connected solar generation project
in Cambridge, Md., developed with OneEnergy Renewables. Scheduled
for completion in March 2015, the system is designed to generate an
estimated 5.8 million kilowatt hours during its first year of
operation, more than 40 percent of the Aquarium’s annual
electricity needs. The Aquarium will receive solar renewable energy
credits from the solar power system for a portion of the term of
its electricity supply agreement.
“This agreement with Constellation allows us to 'walk our talk’
as a conservation organization," said John Racanelli, CEO
of the National Aquarium. “Now, a significant percent of our
electricity will come from clean, renewable energy. We hope this
will help set a precedent for supporting large-scale, off-site
projects and inspire others to take action.”
Additionally, the long-term power agreement enables the Aquarium
to receive a fixed price for electricity supply equal to the amount
of power generated by the solar facility while retaining the
ability to purchase the remainder of its electricity supply at
market rate under Constellation’s flexible index program.
“Constellation is pleased to continue to support the National
Aquarium’s energy and environmental goals,” said Mark Huston,
president of Constellation Retail. “Our power purchase agreement
with the Aquarium demonstrates our commitment to developing
products and services that give customers greater flexibility in
managing their energy costs while supporting the use of clean,
renewable energy.”
Solar firm OneEnergy Renewables, a project developer focused on
middle-market (2 to 50 MW) projects, led the pre-construction
development efforts for the solar power system.
“To date, corporate and institutional customers have primarily
adopted solar through on-site, net-metered systems,” said Bryce
Smith, CEO and co-founder of OneEnergy Renewables. “Now, new
solutions enable the development of larger, optimally-sited
projects that help organizations support and enjoy the economic
benefits of solar at greater scale.”
The solar power system will be comprised of approximately 14,500
photovoltaic panels, located on approximately 22 acres. The
electricity generated by the system is expected to avoid the
release of 4,409 tons of carbon dioxide annually, the equivalent
emissions from 842 passenger vehicles according to U.S.
Environmental Protection Agency data.
About the National Aquarium
The National Aquarium is a nonprofit organization whose mission
is to inspire conservation of the world’s aquatic treasures. It
champions environmental initiatives by engaging with visitors,
volunteers, education groups and schools to actively participate in
the preservation of the world’s natural resources and living
systems. The National Aquarium delivers meaningful experiences
through its living collections; science-based education programs
and hands-on experiences in the field from the Chesapeake Bay to
Costa Rica; and partnerships and alliances with like-minded
organizations around the world. For more information on the
National Aquarium, visit www.aqua.org.
About Constellation
Constellation is a leading competitive retail supplier of power,
natural gas and energy products and services for homes and
businesses across the continental United States. Constellation’s
family of retail businesses serves more than 100,000 business and
public sector customers, including more than two-thirds of the
Fortune 100, and more than 1 million residential customers.
Baltimore-based Constellation is a subsidiary of Exelon Corporation
(NYSE: EXC), the nation’s leading competitive energy provider, with
2013 revenues of approximately $24.9 billion, and more than 35,000
megawatts of owned capacity comprising one of the nation’s cleanest
and lowest-cost power generation fleets. Learn more at
www.constellation.com or on Twitter at @ConstellationEG.
About OneEnergy Renewables
OneEnergy Renewables develops distributed, utility-scale solar
PV projects and creates next generation power purchase agreement
(PPA) products that expand the marketplace for clean energy.
OneEnergy’s Purpose-Built Solar™ enables commercial and
institutional customers to procure power from large-scale offsite
solar projects and to integrate these purchases into their broader
electricity procurement strategy. More information at
www.OneEnergyRenewables.com.
Photos/Multimedia Gallery Available:
http://www.businesswire.com/multimedia/home/20141023006088/en/
National AquariumAmy Burke Friedman,
410-243-3790orConstellationKelly Biemer, 410-470-9700orOneEnergy
RenewablesSarah Mier, 415-977-1947
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