Southern Maryland Electric Cooperative (SMECO) announces it has entered into a power purchase agreement with Juwi Solar (JSI). JSI will construct and operate the facility, and SMECO will purchase all generated energy, capacity, and solar renewable energy credits for the next 20 years.
Southern Maryland Electric Cooperative (SMECO) has entered into a power purchase agreement with an affiliate of Juwi Solar Inc (JSI). JSI is a Colorado-based developer and turnkey engineering, procurement, and construction contractor of solar power plants throughout North America.
Customer-owned electric cooperative SMECO provides electricity to more than156,000 customers in southern Prince George’s County, Charles County, St. Mary’s County, and all but the northeast portion of Calvert County.
Under the agreement, JSI will develop, design, and construct the 10 MW Rockfish Solar facility in Charles Village. JSI will construct and operate the facility through a wholly owned subsidiary, and SMECO will purchase all generated energy, capacity, and solar renewable energy credits for the next 20 years.
The project is scheduled to reach full commercial operation as early as the end of this year and is expected to generate roughly 21,000 megawatt-hours during its first year of operation — enough to power about 1,300 homes annually. An average SMECO household uses 1,300 kilowatt-hours a month and 15,600 kilowatt-hours per year.
According to Austin J. Slater, Jr., SMECO’s president and CEO, “Our customer-members will be glad to know that the cost of the energy provided by this solar project is very reasonable and will have a positive effect on customer rates.”
“We are incredibly excited to be working with SMECO and NRCO to provide clean, reliable solar power to SMECO customers in a cost-effective manner,” said Michael Martin, CEO of JSI. “We also eagerly anticipate breaking ground and completing our first utility-scale solar project in the state of Maryland.”
Purchasing solar energy is one way SMECO works to fulfill its renewable portfolio obligation, as required by the state, at the lowest costs to its members.