TurningPoint Energy and Nexamp Announce Partnership on 9 MW of Community Solar Projects in Delaware
25 Julio 2024 - 9:00AM
Business Wire
Two Community Solar Projects Located in New
Castle and Sussex Counties
TurningPoint Energy (TPE) and Nexamp today announced their
latest collaboration to expand access to clean energy with nine
megawatts (9MW) across two community solar projects in Delaware’s
New Castle and Sussex counties. Scheduled for completion in 2025,
the community solar portfolio is a demonstration of TPE’s
commitment to invest over $100MM in the Delaware community solar
market.
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TPE developed the projects under Delaware’s community solar
program and Nexamp will build, own and operate the projects for the
long term under its industry-leading community solar program. The
program provides all Delmarva Power customers in Delaware the
opportunity to receive discounts on their electric bills, and each
project will reserve 15% of its capacity for low-income
customers.
The portfolio will also meaningfully contribute to Delaware’s
goal to reduce statewide greenhouse gas (GHG) emissions by 50% by
2030 and 100% by 2050. Combined, the two projects will generate
14,490,000 kWh annually—the equivalent of taking 2,409 gas-powered
cars off the road.
“We are thrilled to see this second portfolio of projects built
in Delaware with a trusted partner such as Nexamp,” said Salar
Naini, president of TurningPoint Energy. “These projects are part
of a larger portfolio we have been developing in the First State to
support its renewable energy goals and expand access to the
benefits of solar.”
Delaware Senator Stephanie Hansen, Chair of the Senate
Environment, Energy and Transportation Committee, commented, “I’m
heartened to see continued progress on developing Delaware’s solar
energy landscape, making it more accessible and affordable to a
greater number of consumers. Solar energy is an important part of
Delaware's energy future and I am proud to serve alongside so many
fellow legislators who share a commitment to expanding our
renewable energy economy in Delaware and taking meaningful steps to
combat climate change.”
Over 1,080 residential Delmarva Power Delaware customers will be
able to subscribe to the projects, tapping into 15% savings on
their electric bills through Nexamp’s community solar program,
which boasts no sign-up fees, long-term commitment, or equipment to
install.
“Nexamp and TurningPoint Energy have collaborated on several
pioneering projects over the years and developed a strong
relationship rooted in our shared commitment to thoughtful
development practices in expanding access to affordable, reliable
clean energy for local communities,” said John Murphy, Chief
Strategy Officer at Nexamp. “We’re proud to partner with TPE once
again to expand access to Nexamp’s industry-leading community solar
offering for residents and businesses across Delaware.”
The projects will create construction and ongoing operational
jobs along with collaboration and investment into local Delaware
businesses on legal, permitting, engineering, construction, and
related activities to support these developments.
In addition, both New Castle and Sussex counties will benefit
from TPE’s longstanding commitment to charitable investment in the
communities where the company develops projects. For each project,
TPE has designated $20,000 in planned donations to local community
organizations. Nexamp has committed to donate $10,000 per project,
for a total of $60,000 in community investment donations across the
two counties.
About Nexamp
Nexamp is building the new energy economy with proven solar and
storage solutions, and inviting individuals, communities, and
businesses to take part in the benefits. Our end-to-end
capabilities—including project development and acquisition, design,
construction, operations and customer management—position Nexamp as
a just and equitable market leader. By building integrated clean
energy products, we ensure that both savings and job opportunities
reach everyday Americans. With more than 1 GW of renewable
energy-generating assets currently in operation or under
construction, we’re building a cleaner and more resilient future.
Visit us at www.nexamp.com.
About TurningPoint Energy
TurningPoint Energy is a privately held clean energy
development, advisory and investment company with over 1 GW in
large-scale and community solar projects in operation or under
development across the United States. Our team adapts to each
client’s needs and finds ways to invest in our clients and their
communities… at every turning point. For more information, please
visit turningpoint-energy.com. Connect with TurningPoint Energy via
LinkedIn.
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version on businesswire.com: https://www.businesswire.com/news/home/20240725160945/en/
For TurningPoint Energy: Christy Scott, Director of Marketing,
TurningPoint Energy, 984-209-0634, cscott@tpoint-e.com
For Nexamp: Keith Hevenor, Communications Manager, Nexamp,
khevenor@nexamp.com