The solar project requires no upfront capital from the city. Solar firm PsomasFMG worked with the city to develop the project. Constellation is financing the project’s development and will own and operate the system.
The system is expected to generate 1,800 megawatt-hours of electricity per year. Palmdale will purchase the electricity generated by the system at a fixed-rate through a 20-year power purchase agreement with Constellation. The city estimates that it will save more than $40,000 in electricity costs during the first year of the system’s operation.
“We are very proud of what this project is going to accomplish,” said Palmdale Mayor Jim Ledford.
It not only will save the taxpayer money, but it will help the city meet its Greenhouse Gas reduction requirements and goals, and allow us to keep our Renewable Energy Credits for future use. We’re also proud that we took the extra steps to make these structures more aesthetically appealing by adding color and architectural features so that they are visually compatible with their surroundings.
Located on three sites, Palmdale’s Civic Center, DryTown Water Park and Marie Kerr Park, the solar power arrays are comprised of approximately 3,200 photovoltaic panels located on shade structures which were designed to blend with the look and feel of the city’s surroundings.
“We are very pleased that the city of Palmdale’s leadership has considered both the financial and environmental health of the city by installing solar power at three locations,” said Paul Mikos, president, PsomasFMG.
With no capital outlay, the city will reduce its ever increasing utility bill and its carbon footprint at the same time.
“Constellation is pleased to work with the PsomasFMG team in helping the city of Palmdale meet its environmental goals and manage its energy costs,” said Brendon Quinlivan, director, solar sales for Constellation. “Structuring solar projects as power purchase agreements requires no upfront capital from our customers, and provides them with greater price certainty through long-term, fixed power costs.”
California schools and municipalities interested in on-site solar through a power purchase agreement with Constellation may contact PsomasFMG at [email protected] or (714)465-4904.
About the City of Palmdale
The birthplace of the Space Shuttle and B2 Stealth Bomber, the City of Palmdale has enjoyed tremendous growth and prosperity over the last two decades. Our more than 153,000 residents enjoy a comfortable hometown feel with a strong family orientation, excellent education system and abundant recreational opportunities in a safe environment. As the premier shopping destination in the High Desert, Palmdale attracts the best of both retail and manufacturing companies, and is poised to become a major Southern California transportation hub with plans for two high speed rail systems, Metrolink, two freeways and an airport all converging in Palmdale.
Based in Huntington Beach, CA, PsomasFMG provides turnkey solar solutions to its clients by utilizing a combination of engineering expertise, private investor funding, utilizing federal and state subsidies. In 2010, PsomasFMG completed the largest operational school solar system in Southern California, a 9.6 MW project across 10 schools in the Antelope Valley Union High School District. Utilizing Power Purchase Agreements and requiring no capital outlay from its host clients, PsomasFMG has also completed over 26 MWs of solar projects for offtakers such as County of Orange and several multi-campus school districts in Los Angeles County such as William S. Hart School District, Wilsona School District, Palmdale School District, and Hughes-Elizabeth Lake School District. PsomasFMG has developed several other solar projects currently under various stages of design and construction for the City of Palmdale, Castaic Union School District, Keppel Union School District, Chaffey Joint Union High School District, a 4.4 MW project with the City of Lancaster under a PPA with Southern California Edison and a design-build project for the Redondo Beach Unified School District. PsomasFMG is dedicated to bringing value to California school and communities. For more information contact Paul Mikos at (714)465-4904, or visit www.PsomasFMG.com.
The Constellation family of retail electricity and natural gas suppliers (www.constellation.com), are subsidiaries of Exelon Corp., and are leading competitive retail suppliers of power, natural gas and energy products and services for homes and businesses across the continental United States. Constellation’s retail businesses serve more than 100,000 business and public sector customers, including more than two-thirds of the Fortune 100, and nearly one million residential customers.
Exelon Corporation (NYSE: EXC) is the nation’s leading competitive energy provider, with 2013 revenues of approximately $24.9 billion. Headquartered in Chicago, Exelon has operations and business activities in 47 states, the District of Columbia and Canada. Exelon is one of the largest competitive U.S. power generators, with approximately 35,000 megawatts of owned capacity comprising one of the nation’s cleanest and lowest-cost power generation fleets. The company’s Constellation business unit provides energy products and services to approximately 100,000 business and public sector customers and approximately 1 million residential customers. Exelon’s utilities deliver electricity and natural gas to more than 6.6 million customers in central Maryland (BGE), northern Illinois (ComEd) and southeastern Pennsylvania (PECO).