AES Distributed Energy Announces Completion of 4 MW Solar PV Project in Georgia
June 10 2015 - 8:00AM
Business Wire
AES Distributed Energy, a subsidiary of The AES Corporation,
today announced the commissioning of a 4 megawatt (MW) solar PV
project located in the town of Dublin, in the County of Laurens,
Georgia. This system is the first of two solar PV projects being
developed by AES Distributed Energy and its partners, collectively
expected to supply 20 MW to the Georgia Power utility grid. The
second, 16 MW project, is under development and is expected to be
operational in the first half of 2016.
Georgia Power, a subsidiary of Southern Company, will purchase
100% of the energy production from both projects from AES
Distributed Energy pursuant to 20-year Power Purchase Agreements
(PPAs). These projects will be among the first utility-scale solar
installations for Georgia Power. Their development rights were
awarded as part of the 2013 Georgia Power Advanced Solar Initiative
(GPASI) solicitation for 60 MW of utility-scale solar
generation.
“We are thrilled to have commissioned one of the first projects
under Georgia Power’s ambitious solar energy initiative,” said Rob
Masinter, COO of AES Distributed Energy. “We are committed to
providing safe, clean, reliable solar power to the Georgia Power
electric grid for at least the next 20 years.”
AES Distributed Energy co-developed the projects with Inovateus
Solar and MS Solar Solutions Corp., a wholly-owned subsidiary of
Morgan Stanley. MS Solar Solutions is providing construction
capital and long-term equity financing, while AES Distributed
Energy will be the long-term owner and operator of both solar PV
facilities.
“Georgia Power is pleased to see this solar farm coming online
as part of our Advanced Solar Initiative. Here in Georgia, through
a constructive regulatory approach, and strong working
relationships with solar developers, one of the fastest growing and
most competitive solar markets in the nation is bringing more solar
to customers, without an impact on rates,” said Ervan Hancock,
Georgia Power Renewable Implementation Manager.
Gregory Electric Company is serving as primary Engineering,
Procurement and Construction contractor for the two projects,
collectively designed with 26 MW PV capacity utilizing SolarWorld
panels mounted on Array Technologies single-axis trackers.
Schneider Electric central inverters deliver the rated 20 MW
power.
About AES Distributed Energy
AES Distributed Energy brings reliable and affordable solar
power to schools, municipalities, utilities, residential marketers
and private-sector commercial entities. We develop, own and operate
distributed generation solar PV projects. Our partnerships with EPC
contractors, equipment manufacturers and project financiers enable
us to build and structure turnkey, distributed solar PV solutions
that require no upfront capital outlay. Formed by the acquisition
of Main Street Power Company in February 2015, and through our
ongoing business relationship with MS Solar Solutions Corp, a
wholly-owned subsidiary of Morgan Stanley, AES Distributed Energy
has over 60 MW of distributed generation solar PV projects in
operation across North America with an additional 100 MW in
development in the US, Caribbean and Latin America. To learn more,
please visit www.aesdistributedenergy.com
About MS Solar Solutions Corp.
MS Solar Solutions Corp. (MSSS) is an indirect, wholly owned
subsidiary of Morgan Stanley (NYSE: MS), one of the world's leading
financial institutions. MSSS focuses on helping to develop and
finance solar photovoltaic (PV) projects through strategic
relationships with industry participants including developers,
suppliers, installers, governmental agencies and the community
at-large.
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AES Distributed EnergyAmy Ackerman, 703-682-6399
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