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Broadlands Ramps Up Solar Park To Power 1450 Homes
Nesquehoning PA (SPX) Jan 28, 2010 Broadlands Financial Group has announced that Green Energy Capital Partners, the project developer has engaged Broadlands as its Owner's Representative to develop a 10.6 megawatt (MW) PA Solar Park in Nesquehoning, PA. The project is in the final stages of permitting with construction expected in the early spring. The PA Solar Park will consist of 10,000 photovoltaic (PV) solar panels arrayed on dual-axis trackers and will produce approximately 16,000,000 kWh annually - enough to power 1,450 homes. The project will be constructed over a five-month period, create 50 full-time and 15 part-time jobs locally during construction and provide over $3 million in wages. Once operational the park will employ four full-time employees. Broadlands has worked with the project developer to secure construction financing, solar renewable energy credit purchase agreements, EPC contractor evaluation and selection and overall program management. Broadlands further supported the developer in obtaining a $5.5 million grant. The site is also located in a Keystone Opportunity Zone, which is a state program to stimulate economic growth in certain areas, helping to create the level of returns required for successful project financing. John Curtis, Founder and CEO of Green Energy Capital Partners, envisions a clean and renewable future in Pennsylvania, redefining an area known for coal production as a leader in solar energy and energy efficiency. To that end, the PA Solar Park also incorporates an educational element into its design with the addition of a LEED Platinum Certified control building that will be open to the public for tours and educational sessions. Broadlands Financial Group serves as an Owner's Representative leading international project teams to provide the same program of financial and construction controls proven successful on Nevada Solar One, a 64 MW CSP plant operating near Boulder City, NV. A unique system of contract negotiation, design optimization, schedule controls, and open-book accounting provides developers, lenders, and equity partners the oversight and industry experience required to deliver large renewable energy projects on time and on budget. The construction and finance professionals at Broadlands Financial Group, LLC have been providing development, investment and finance loss controls to owners, lenders, sureties and government agencies for two decades. An industry-leader within renewable energy, Broadlands is currently representing owners and lenders on over half a billion dollars in energy projects.
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