UTILITY-SCALE SOLAR ENERGY:

Through mutually beneficial partnerships, Renewable Energy Massachusetts LLC helps municipalities, businesses and institutions, as well as private land owners, to develop 1-2 megawatt (MW) solar energy facilities without any capital costs.  For the first time, thanks to generous new federal and state incentives and significant technology cost reductions, solar energy not only makes environmental, but also economic sense.  Solar is now positioned as a viable grid-parity alternative energy source.

Among the benefits of solar energy:

• Provides clean on-site energy at no capital cost to our host partners
• Takes advantage of federal and state renewable incentives to make solar cost-competitive
• Generates predictable and stable long-term energy costs over 25-30 years
• Pays down project debt in approximately 10 years, yielding attractive free cash flow thereafter
• Reduces reliance on volatile fossil fuel markets
• Yields valuable peak energy, which saves rising transmission and grid costs
• Converts unused space into a productive source of energy
• Makes a progressive, modern statement of sustainability

REM is positioned to achieve the following goals:

• Advance Massachusetts Green Communities Act goal of building 400 megawatts (MW) of solar energy in the Commonwealth in this decade
• Design, own and operate state-of-the-art, utility-scale solar energy facilities that yield competitive net solar energy prices allowing communities to rapidly adopt renewable energy
• Provide our host partners with decades of affordable solar energy with zero capital risk and no ownership burdens