Distributed Sun, a Washington, D.C.-based solar energy developer, has announced that it has partnered with real estate company Buccini-Pollin Group to build, own and operate solar facilities on the rooftops of up to 29 buildings in two Wilmington, Del., office parks. According to Distributed Sun, the adjacent Concord and Foulkstone Plaza office parks can support an estimated 1.5 megawatts (MW) of installed solar capacity, enough to generate 1.8 gigawatt-hours of electricity annually.
According to Disributed Sun, the project has been sized to maximize each building’s available roof space, with a schedule for phased build-out designed to match the ramping up of the state’s renewable portfolio standard. Ultimately, it will use an estimated 6,002 photovoltaic (PV) panels. Electricity produced by the system will be purchased by Buccini-Pollin under a 20-year power purchase agreement. Distributed Sun expects the systems to save as much as $2.7 million in utility costs over the terms of the power purchase agreement, and more than $12 million over the useful life of the solar panels.
Distributed Sun owns 573 kilowatts (kW) of solar energy capacity in service, and has 124 MW under development in Maryland, New Jersey and Pennsylvania. The company has also installed 192 kW for another Buccini-Pollin office park in Cherry Hill, N.J. Distributed Sun will finance the Delaware project under sunTHREE, its third solar energy investment company.
“This is an important project for us as we step forward to answer Delaware’s call for environmental stewardship, to create local jobs, and embrace clean and renewable sources of energy,” says Chris Buccini, principal of the Buccini-Pollin Group. “We have decided to redouble our commitment to Distributed Sun and on-site power generation with this project, affirming our long-term and portfolio-wide vision for a clean economy and to the state’s regional and national leadership on energy policy.”