Boost for Maryland Solar Farm facility

FirstEnergy Corp. of Akron, Ohio said its FirstEnergy Solutions subsidiary has signed a long-term agreement to purchase the output from the Maryland Solar Farm, a $70 million, green energy facility planned by Easton-based Maryland Solar LLC for 250 acres of state-owned correctional facility land near Hagerstown.

Under the terms of the agreement, FirstEnergy Solutions will purchase the facility’s 20-megawatt output for 20 years.

The long-term purchase power agreement demonstrates that Maryland Solar will have a guaranteed source of revenue, a critical milestone for the project to obtain financing.

In addition, FirstEnergy Solutions will obtain the Renewable Energy Credits produced by the facility

Leave a Reply

Your email address will not be published. Required fields are marked *