Projects
10 MW Community Scale Solar Power Plant
Service Category:Solar
Market Sector:Utility
Region: United States/Canada
Key Objective
The City of Dover sought long-term reliable, cost competitive and environmentally prudent electricity.
Our role in project
Pace Global led five-party negotiations; provided independent technology and market evaluations; and provided leadership in the political process. Pace Global’s market, technology and project economic expertise provided the basis for the commercial terms between the five parties. Critical to the success of the project, Pace Global led discussions with the political leadership in the state, developing strong political support which has ensured fair consideration of The Project through the Legislative and Regulatory processes.
- The City of Dover signed a 20-year agreement to purchase all of the energy produced by the Dover SUN Park and a portion of the Solar Renewable Energy Credits at a competitive cost. The energy volume will supply more than two percent of the current energy requirements of Dover’s system.
- Delmarva Power signed agreements with White Oak Solar Energy, LLC for the purchase of solar renewable energy credits (SREC) associated with the solar energy output from Dover SUN Park, and with the Delaware SEU for the preservation of SRECs and the ability to buy them back at a later date.
- DEMEC, representing the nine municipal electric utilities in the State of Delaware, signed an agreement with White Oak Solar Energy, LLC for the purchase of SRECs and other environmental attributes to be produced by the 10MW solar generation facility.
“Working closely with the City’s energy manager, Pace Global, we recognized the value in partnering for such an innovative solution to our collective energy and climate challenge, which is what led us to today,” Dover Mayor Carleton E. Carey, Sr. told a crowd of more than 100 people gathered at Dover City Hall to witness the ceremonial signing of an agreement to build the Dover SUN Park.
Results
The 10 megawatt solar power plant, Dover SUN Park, will be built on 103 acres of Dover-owned property in the Garrison Oak Technology Park and will interconnect with Dover’s 69 kV electric network. The utility-scale solar power plant, which will be owned by White Oak Solar Energy, LLC, an affiliate of LS Power, is expected to create between 100-150 local jobs during construction and would supply enough clean power to feed 1,300 homes. Construction of Dover SUN Park started in December 2010 and full-scale operations are expected to begin in the summer of 2011.
For more information, please contact:
Jim Diemer at 703.818.9100 or via email.