Sunergy America LLC has announced the submission of 1.7 MWs in solar contracts to the Connecticut Renewable Energy Credit Program along with its price bid for zero emission energy certificates (ZRECs.)
Both Connecticut’s investor owned utilities, Connecticut Light and Power (CL&P) and United Illuminating (UI), have accepted bids for prices at which they will purchase renewable energy credits produced by both zero emission projects (ZRECs) and low emission projects (LRECs.) The Sunergy America contracts are solar projects, qualifying for consideration as zero emission projects. Decisions by the utilities on projects to be included in their programs will be announced on July 17, 2012.
Bruno D’Uva, CEO of Sunergy America, stated that his company “submitted pricing bids for the certificates that are highly competitive and I feel very optimistic our 1.7 MWs will be accepted into the Connecticut program.” Sunergy America’s partner in the identification and follow on implementation of the submitted projects is Hartford-based Electrical Contractors, Inc. (ECI).
Sunergy America used this first phase of the 2012 Connecticut program to strengthen its position among major photovoltaic system developers in the Northeast. According to D’Uva, “this is only the beginning for Sunergy America in Connecticut.” D’Uva cites the progress his firm has made, building respectably on its existing base in the region. Sunergy has opened a regional office in Hartford and is now planning the addition of local staff to help expand its Connecticut business in the follow on phases of the Renewable Energy Credit Program. “We’re here to stay,” says D’Uva, and we expect to bring a level of service and accountability to local commercial and institutional clients they may never have before experienced.” Sunergy America believes its continuing pursuit of client projects will help create local jobs and bring additional sustainable power to the state of Connecticut.
Renewable energy certificates will be issued to the selected projects based on actual power produced. The accepted price bids will be guaranteed for purchase by the utilities for 15 years, giving projects the ability to sell the rights to their future certificates or borrow against them, providing a strong stimulus to the creation of zero and low emission electricity generation in Connecticut. This newly initiated program has the potential to move Connecticut to one of the leading states in solar and other renewables development. Connecticut commercial clients are invited to find more information about Sunergy America They can get the details and a free savings analysis in 24 hours.