SOURCE: Nexamp

Nexamp

July 08, 2014 08:30 ET

Nexamp Completes 2.3 Megawatt Solar Installation in Winchendon, Mass.

Innovative Solar Project Turns Unused 30-Acre Quarry Into Recurring Revenue to Fund Town Initiatives; Resulting Solar Energy Will Deliver Savings to the Chelmsford Area

BOSTON, MA--(Marketwired - Jul 8, 2014) -  Nexamp, a leading provider of solar energy, formally announced today the commencement of operations at a 2.3 MW solar project in Winchendon, Mass. The ground-mounted installation is located on the 30-acre site of a former sand pit, adjacent to the town's salvage yard, and will yield tens of thousands of new recurring tax revenue for the town of Winchendon for the next two decades.

Boston-based Nexamp was responsible for the development, design, financing and installation of the project.

"Nexamp's deep local experience and breadth of project expertise was key in driving this project to completion," said Bob O'Keefe, chairman of the board of selectmen for the town of Winchendon. "They came in with the vision, plan and capabilities to make it happen when other developers who were offered similar opportunities could not get the projects off the ground. They were able to identify and resolve potential challenges in advance so that implementation went smoothly. We're excited to have turned what was essentially wasted land into a clean, productive, revenue-generating asset for our town."

Tax revenue received from the solar installation will go to fund a number of town projects, including a redesign of the town library's main entrance to make it wheelchair accessible.

"We are delighted to help bring the benefits of solar energy to the town of Winchendon," said Zaid Ashai, Chief Executive Officer at Nexamp. "Its leaders have been committed to leveraging solar power solutions to better position the town for the future, and we feel privileged to be a part of making that happen."

As part of the long-term solar power purchasing agreement (PPA), the energy generated from the Winchendon solar site will be used to provide savings to the Chelmsford and North Chelmsford Water Districts and their residents

About Nexamp:
Nexamp delivers proven solar energy solutions. From project development through financing, construction, and operation, Nexamp's comprehensive approach makes going solar simple and profitable for our clients and partners. Learn why General Mills, Fidelity Investments, National Grid and others have turned to Nexamp for solar project development and services at www.nexamp.com.

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