BACKGROUND: Exelon Generation Company, LLC, has signed a 20-year power purchase agreement with Epuron LLC, the U.S. subsidiary of one of the world's leading project development and structured finance companies in the renewable energy sector, for the energy produced at a Morrisville, Pa., solar energy facility.
The 3-megawatt (MW) project is situated adjacent to Waste Management's G.R.O.W.S. Landfill. The solar energy plant is scheduled to be operational in the second quarter of 2008. SunTechnics Energy Systems Inc., Epuron's sister company and a leading provider of turnkey renewable energy solutions, will undertake the system's planning, engineering and installation.
Exelon Generation will sell the physical electricity produced by the solar energy project to PJM Interconnection. Exelon Generation has a landfill generation project about six miles from the solar energy project site. A pipeline transports landfill methane from the Waste Management facility to a gas turbine owned by Exelon Generation that produces 30 MW. |