First 10 MW in 50-MW Project Under Construction for PsomasFMG, Constellation
“Our solar project with PsomasFMG and Constellation is the proverbial win-win for everyone involved,” said Palmdale Mayor Jim Ledford. “It is enabling Palmdale to provide clean energy and meet our greenhouse gas reduction goals, while saving money for our residents.”
“During a time when many schools and public agencies are dealing with major budget constraints, on-site solar generation through a power purchase agreement is a way to reduce electricity costs,” said Lou Kwiker, chief executive officer of PsomasFMG.
Kwiker added, “Constellation’s 180 MW of distributed generation solar projects currently under contract, as well as its financing capabilities and energy services experience, make Constellation uniquely qualified to meet our needs and the needs of our customers. Under this agreement, Constellation and PsomasFMG will be able to offer unparalleled development, installation, financing and asset management services, enabling customers to maximize the savings and value from solar energy systems.”
“With more than 40 megawatts of project experience and a strong reputation with its customers, PsomasFMG is a natural fit as we expand our solar energy capabilities for businesses and public agencies in California,” said Brendon Quinlivan, director of solar sales for Constellation. “We look forward to working with PsomasFMG to help customers meet their environmental goals and better manage their energy costs.”
Quinlivan added, “As a national energy supplier, Constellation is committed to providing customers opportunities for the adoption of distributed generation in parallel with their larger energy purchasing strategies. Structuring solar projects as power purchase agreements requires no upfront capital from customers, and provides them with fixed power costs that are often less than projected market rates.”
Constellation currently owns more than 180 MW of solar installations that have been completed or are under construction for commercial, industrial and government customers throughout the United States. Of that total, the company has installed 90 megawatts of solar installations for school and municipal locations in California and Arizona.
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