Keystone Power Holdings plans Md. expansion

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Keystone Power Holdings LLC, a renewable energy developer/owner of solar facilities, announced its intention to expand into Maryland, Virginia and Maine.

Keystone has already completed medium to large photovoltaic solar projects in the Carolinas, Illinois, Massachusetts, New York and New Jersey and recently opened an office in Richmond, Virginia.. Keystone’s customers range from municipalities and non-profits to schools and universities (private and public) to large public corporations.

Keystone’s solar installation at the sewage treatment plant in City of Freeport, Illinois.

The company’s municipal/nonprofit segment has been successful with a focus on wastewater treatment plants. Solid credit, high electricity usage and ease of installation make these types of solar installations attractive for all parties.

As an example, Keystone worked with Freeport, Illinois to bring solar energy to its sewage treatment plant. The system, 1.165 MW DC in size, is installed onsite and connected to the plant. The project has been financed through a long-term power purchase agreement (PPA) with Keystone. Estimated savings are significant – projected to be just under a million dollars over the term of the agreement.

Keystone is one of the leading solar companies for treatment plant providers. It has many of these projects already in operation, an additional two awaiting permission to operate and a further project signed for construction later this year. This growth demonstrates Keystone’s leadership within the municipal/non-profit segment, and will allow it to serve its new customers well in Virginia, Maryland and Maine.

The company remains positioned to finance a broader range of projects than many others in the solar industry. Its investment fund, KPH Solar Farms Fund I, continues to provide repeatable financing for eligible solar energy projects (250 kilowatts to 10 megawatts), removing the burden of up-front investment for its clients.

Established in 2017, the fund provides 100 percent of the initial debt, equity/tax equity and construction financing for Keystone’s projects, making resources available at a time when consistent funding is a challenge.