The sun is rising for Zaid Ashai and his team at Nexamp, the Boston-based solar developer and operator.
The firm announced today that it has acquired a 4.4-megawatt portfolio of 11 Massachusetts solar projects from Broadway Renewable Strategies — collectively enough panels to power 650 homes in one year. The firms didn’t disclose the financial terms of the deal.
Ashai tells me that more acquisitions are on their way, as Nexamp looks to build its portfolio up to the 75- to 100-megawatt range by the end of 2015. The company currently has 44 megawatts of generating capacity in its portfolio, including the new Broadway projects. A few acquisitions likely will be much bigger than this Broadway purchase, and some will be smaller, he says. Nexamp also will look to develop more of its own projects internally, including in some of the towns that it has entered with the Broadway deal.
Link to Full Article at Boston Business Journal
The sun is rising for Zaid Ashai and his team at Nexamp, the Boston-based solar developer and operator.
BOSTON, MA–(Marketwired – Aug 19, 2014) – Nexamp, a leading solar solutions provider, announced today its acquisition of a 4.4 megawatt (MW) portfolio of solar projects operating in Massachusetts from Broadway Renewable Strategies. The projects produce enough energy to power 650 homes a year.
Nexamp will manage the operating assets, whose power purchase agreements provide clean energy and electricity savings to educational, municipal and commercial institutions in 11 Massachusetts communities. Nexamp will use its market leading asset management expertise to ensure these projects continue to perform at their highest levels.
“As the largest solar solutions provider based in the Northeast, we are proud to bring more Massachusetts projects into our portfolio,” said Zaid Ashai, Chairman and CEO of Nexamp. “This acquisition is a critical part of the accelerating growth that we have worked towards in the last year, including developing, building and commissioning 23 MW over the past six months. Nexamp is on a path for strong organic growth and we will continue to look to augment this growth with acquisitions of operating and pipeline assets.”
The terms of the acquisition agreement were not disclosed.
Nexamp delivers proven solar energy solutions. From project development through financing, construction, and operation, Nexamp’s comprehensive approach makes going solar simple and profitable for our clients and partners. Founded in 2007 and headquartered in Boston, Massachusetts, Nexamp is the largest commercial solar provider in the Northeast. Learn why General Mills, Fidelity Investments, National Grid and others have turned to Nexamp for solar project development and services at www.nexamp.com.
Tier One Partners
The Town of Westford is about to see the benefits of a net metering agreement tied to a new 3.2 megawatt solar farm built by Nexamp in Hubbardston, just south of Gardner.
Westford will draw an expected 1.19 megawatts as part of the agreement, which is expected to save the town $120,000 a year annually.
Link to Article and Pictures at the Westford Template
Boston, Mass. – Solar Power World talked with Zaid Ashai, CEO of Nexamp. This is what we learned.
As is common with solar professionals, Zaid’s background is a bit eclectic. Al Gore was US Vice President when he was in college, which helped cultivate his interest in climate change and environmental science. After graduation he worked on Wall Street covering technology and then got his MBA and MPA from Harvard Business School and Harvard Kennedy School of Government. He then went onto working in venture capital, where he invested in renewable energy and efficiency startups including Nexamp (No. 39 on the Solar Power World 2014 Top Solar Contractors list). Following several years seeing the broader lifecycles of these companies through venture capital positions on their boards, Ashai found himself leading Nexamp, the company he had invested in and evolved with.
Link to Article at Solar Power World
Nexamp was named the No. 1 Solar Contractor in Massachusetts by Solar Power World. The annual ranking of the top solar contractors also cited the Company as the No. 4 Developer and No. 10 Commercial Solar Contractor nationwide. The companies on the list are recognized for their ability to influence the market and advance the solar industry.
Over the last year, Nexamp has completed several landmark projects that reflect its place at the forefront of the commercial market. These accomplishments include the completion of New England’s largest rooftop solar PV project, a 2.4 MW array in North Kingstown, RI, and one of New England’s largest ground-mounted solar installations, a 6 MW array at a Boy Scout reserve in Rutland, MA; Nexamp developed, designed, and built these projects and will operate the North Kingstown installation. Nexamp also developed and will continue to maintain the largest solar parking canopy in the Metro-Boston area, an 840 kW project in Waltham, MA.
“I’m thrilled by this national recognition because it’s a testament to our team’s innovative approach and hard work. It validates our vision that the lifecycle of each project matters,” said Zaid Ashai, CEO of Nexamp. “We believe a comprehensive approach to planning, financing, development and long-term operation is critical to the success of commercial solar and are excited so many share our vision. 2014 has been a very exciting year, and we anticipate continued high growth in the year to come.”
Link to Rankings at Solar Power World
We are so proud of our 2.4 MW groundmount project in Whately, Mass. All clean energy produced will go to benefit the University of Massachusetts, Amherst. Check out our news section to learn more about this array, which was completed in June 2014.
WHATLEY – A solar project coming on-line on a farm here Thursday will save the University of Massachusetts between $60,000 and $75,000 a year in electric costs as well as help the farmer leasing his land and the town.
Nexamp built the solar project on Fairview Farms and is celebrating the opening Thursday with local and UMass officials.
Link to Full Article at MassLive
WHATELY — A new solar energy installation in Whately has officially gone live.
Chairwoman Joyce Palmer Fortune of the Board of Selectmen praised the completion of the solar farm at its official inauguration Thursday, saying, “It’s times like these when being a public official is really, really good … There are times when issues come up when it’s just, ‘Yes, absolutely, we want that! We want green energy and we want to make this happen.’ I’m happy to have had a hand in this.”
Link to Full Article at the Recorder
Massachusetts-based installer Nexamp and Mohegan Council, Boy Scouts of America announced the start of operations of the 6-MW solar facility at the Treasure Valley Scout Reservation in Rutland, Mass. The project – among the largest solar arrays in New England – will provide a steady source of income for the Boy Scouts as well as substantial savings for local municipalities.
“This project was made possible with the help of our adult volunteers who saw the opportunity to bring solar energy to the scouts. They found Nexamp and shepherded this initiative from great idea through to operational facility,” said Scout Executive Jeff Hotchkiss. “Thanks to the efforts of our dedicated volunteers and Nexamp, we are able to enhance our educational programs for our scouts and the community, and the steady source of revenue will allow us to grow and do more scouting.”
Link to Full Article at Solar Industry Mag
Boston-based solar energy provider Nexamp has opened a 2.3-megawatt project in Winchendon that it says will generate “tens of thousands” of dollars in new tax revenue for the town over the next 20 years.
The ground-mounted installation will provide energy for the Chelmsford and North Chelmsford water districts and their residents as part of a long-term solar power purchasing agreement. The installation is located on the 30-acre site of a former sand pit, adjacent to Winchendon’s salvage yard, according to a statement from Nexamp.
Link to Full Article
It’s been three years in the making, and on June 30, the Mohegan Council Solar Project at Treasure Valley finally got switched on.
The flip of switches at two breaker panel boxes may have been ceremonial, but the benefits the project will bring to the Boy Scouts of America and the surrounding community are real.
Link to Full Article
Boston-based Nexamp has commenced operations at a 2.3 MW solar project in Winchendon, Mass.
The ground-mounted installation is located on the 30-acre site of a former sand pit, adjacent to the town’s salvage yard, and Nexamp was responsible for the development, design, financing and installation of the project.
Link to Full Article
RUTLAND — Boy Scout Sean Thompson from Troop 37 in Worcester and his uncle Charles Thompson of Whitinsville, a past president of the Mohegan Council of the Boy Scouts of America, walk past a new 6-megawatt solar installation at Treasure Valley Scout Reservation on Monday.
Link to Article
Daily Hampshire Gazette: Solar array dedicated in Belchertown expected to start producing electricity next week
BELCHERTOWN — Town Planner Douglas Albertson called a new 1.5 megawatt solar array that was dedicated Thursday at the former driving range of the Evergreene mini-golf course “a point of pride” for the community.
Link to Article
Daily Hampshire Gazette: Belchertown driving range turned solar farm to be moneymaker for all involved
BELCHERTOWN — When Barbara and Richard Greene decided to turn the driving range next to their mini-golf course on Route 9 into a 1.5 megawatt solar farm, they not only created an income stream for their retirement but they added significantly to the town’s tax base.
Link to Article
NORTH KINGSTOWN – As he was celebrating the completion Wednesday of a 8,500-panel solar array in Quonset Business Park, Gov. Lincoln D. Chafee announced that Rhode Island has joined the New England Solar Cost-Reduction Partnership, a regional effort to reduce non-hardware or “soft” costs of photovoltaic solar electricity systems.
Link to Article
Providence Journal: Solar energy project at Quonset called most powerful rooftop array in New England
NORTH KINGSTOWN — When it comes to new renewable energy projects, why do a ribbon-cutting ceremony when you can hold a “Flip the Switch” ceremony?
That’s what will take place Wednesday afternoon when Gov. Chafee and other officials gather at Quonset Business Park to mark the completion of what is being described as New England’s most powerful rooftop solar array.
The array, installed atop two former Navy warehouses, is the size of three and a half football fields and is comprised of 8,500 solar panels. It will produce 3 million kilowatt hours per year, enough to power 500 homes.
The developer and operator of the project is Nexamp, a Boston-based solar energy company. The rooftop is being leased from the owners of the buildings, according to project developer Palmer Moore.
Nexamp has a 15-year agreement to sell the power it produces to National Grid.
BY RICHARD SALIT
Link to Article
NORTH KINGSTOWN, R.I. (AP) — Rhode Island will soon be home to New England’s most powerful solar rooftop array.
Gov. Lincoln Chafee is scheduled to help ‘‘flip the switch’’ Wednesday at the new 8,500-panel array, which is constructed on top of two former Navy buildings at Quonset Business Park.
The array is the size of three-and-a-half football fields and will generate nearly 3 million kilowatt-hours per year, making it the most powerful rooftop array in the region.
The array was built by Nexamp, Inc., a solar power producer.
The business park at Quonset Point is home to more than 175 companies employing 9,500 people. The development and management of the area is overseen by the Quonset Development Corp.
Link to Article
A flurry of solar energy projects are underway across Rhode Island. East Providence, Westerly, West Greenwich and the Quonset Business Park have substantial solar fields planned or underway. Here is a look at the two largest:
Quonset Business Park. A solar photovoltaic (PV) system covering 400,000 square feet atop two adjoining industrial warehouses is on track to be the largest of its type in New England. The project, owned by a Boston-based solar developer, expects to break ground in January and is scheduled to be completed in about two months.
The solar field has a 2.34-megawatt-rated capacity, meaning its optimal power produces electricity to power 500 homes. The project is about the size of three and a half football fields, and three times as large as the solar array at Toray Plastics, another tenant at the business park.
The project requires 8,000 polycrystalline panels, a technology that has been in use since the early 1980s.
“It’s a fairly large solar project with a fairly small community impact,” said Palmer Moore of solar energy developer Nexamp, from its Providence office.
Despite its size, the arrays will be unnoticeable to passersby, as the panels lie close to the roof and sit 10 feet from its edge.
The privately funded $7 million project will recoup some of its costs through a 30 percent federal tax credit. The project also will participate in the state’s distributed generation pricing program. Nexamp will make lease payment to the owner of the building, Davisville Realty LLC.
The solar-generated electricity will feed directly into the power grid. National Grid buys the power from Nexamp for $23.699 per kilowatt-hour for 15 years. The contract is one of the first power-purchase agreements derived from Rhode Island’s 2011 renewable energy laws. The legislation requires National Grid to offer power-purchase contracts in order to entice development of renewable energy.
Moore said his company finds the distributed generation program beneficial for financing as well as an incentive to do more business in Rhode Island. “The stability of the Rhode Island program is probably its biggest advantage,” he said.
The popularity of the distributed generation program — 15 solar energy contracts vs. 1 wind contract — has pushed down pricing for new solar contracts. Lower fixed pricing lowers the cost to consumers who subsidize the premium paid for solar and wind projects through their utility bills.
“You’re seeing in real time the market forces in action to bring down pricing,” Moore said.
In recent months, installers of smaller projects, like those for homes and small businesses, have complained that the distributed generation program excludes them. But Moore like others in the industry are optimistic that the incentives for small projects are forthcoming.
NORTH KINGSTOWN –
Nexamp, a Mass.-based solar energy company with offices in Providence, will be installing the largest rooftop solar array in New England on two buildings in West Davisville.
The solar panels will be placed on the rooftops of two, 200,000-square-foot buildings at 338 and 342 Compass Circle within the Quonset Business Park. The buildings are privately owned by the West Davisville Realty Co. LLC. Palmer Moore, a developer with Nexamp, said that the massive solar array, consisting of about 8,000 panels, would go largely unnoticed to passersby because it is set back 10 feet from the edge of the roof and the panels are only about 2 to 3 feet off the roof.
“The nice thing about it is that, despite its scale, you would never know it’s there because it’s on a rooftop,” he said of the $6 million project.
After it is installed, the solar panels will generate about 3 million kilowatt-hours each year.
“To put that into perspective, the average household in New England uses about 6,000 kilowatt-hours each year,” said Moore. “That means this project could produce enough energy to power about 500 households a year.”
He anticipates the project to be completed before the end of the year.
According to Moore, Nexamp approached the building owners to lease the space on the roof and that National Grid will purchase the power from Nexamp.
“It works out for the owner because it generates another lease payment from the roof and stabilizes cash flow,” said Moore.
State law requires National Grid to purchase a certain amount of energy from renewable sources each year, this year the company must purchase 20 megawatt-hours of power from either wind or solar energy sources. Next year that number jumps to 30 MWh and in 2014 it increase to 40 MWh.
Palmer said the Quonset project would generate 2.3 MWh towards that goal.
This project comes a year after another solar array project in the Quonset Business Park made headlines last year. Toray Plastics installed a $2 million solar field, consisting of 1,650 solar panels on about 3 acres of land at its North Kingstown headquarters in 2011. That solar array was expected to provide electricity equal to the power use of 100 homes.
Nexamp is a leading independent solar power producer that develops, builds, owns, and operates distributed and utility-scale solar projects. The company has installed more than 175 solar projects across New England totaling more than 16 MWh of solar generating capacity.
New England Real Estate Journal: Nexamp installs new $1.5 million solar array on Leewood Building for Swix Sport USA
The city’s largest rooftop solar array has been installed atop the Leewood Building in the Newark St. industrial park. It will provide up to 95% of anchor tenant Swix Sport USA’s electrical requirements.
Besides electricity supplied to Swix Sport, additional energy is being sold to National Grid, providing a renewable source of power for the region. “It is a step toward meeting the goal set by Gov. Deval Patrick of having 250 megawatts of renewable energy by 2017,” said Leewood Building owner Peter Schwarz. He said he took advantage of both state and federal incentives to offset some of the project costs and worked with local solar vendors such as Nexamp of North Andover, Mass., which installed the system, and PanelClaw, North Andover, Mass., and Solectria Renewables, Lawrence, who were among the suppliers.
With partners Nexamp and Lumus Construction, the town dedicated its solar and wind turbine projects at the water pollution control facility June 22 in Hyannis.
Those attending the ceremony had a rare opportunity to drive out alongside the solar PV array that numbers nearly 4,000 modules. In the distance, the twin turbines were turning. The panels are designed to produce one million kilowatt hours annually, the turbines 282,100 in total.
Coupled with other energy-use changes at the plant, net energy consumption is expected to drop by 1.2 million kilowatt hours a year.
Solar in Massachusetts is on fire.
Over the past two years, capacity from photovoltaic panels across the state has more than quadrupled from 25 to 115 megawatts, enough to power about 115,000 homes, according to figures provided by state energy officials and energy information websites.
On Cape Cod and the Islands alone, 665 solar projects have been built over the past five years totaling more than 8 megawatts.
Every minute, enough energy from the sun hits the earth’s surface to power the planet for an entire year.
Hoping to channel some of that energy and convert it into electricity to power Massachusetts homes and businesses, former Army captains Daniel Leary and Will Thompson in 2006 established Nexamp, Inc. The North Andover company has grown to include offices in Boston, Hartford, and Providence with 35 employees.
The first visitors to New England’s largest privately owned solar energy park nearly missed it. Nestled on a plateau more than half a mile from the road, the state-of-the-art array is hidden from view, surrounded by woods at the edge of the old Fletcher Quarry.
Restless after a long bus ride from Cambridge, the fifth-grade students from Shady Hill School were eager to see firsthand how the sun’s energy was being harnessed. But the meeting proved elusive. There was no sign marking the site of the Westford Solar Park. The only clue they were in the vicinity of something big were the small signs posted along the meandering dirt driveway that warned: “Video surveillance in use on these premises.”
After a quick call to confirm they were in the right place, the bus made its way to a chain-link fence that wraps around a steep embankment covered with rocks. The bus passed the security check point and toiled slowly up the hill as 35 pairs of eyes, suddenly alert, strained to see. At the crest of the knoll, the curious visitors got their first glimpse.
“Mouths dropped,” recalled Cali Johnston, 11, whose father, Jeff, a principal with the firm that built the array, arranged the visit. “We were amazed at how huge it was. As far as the eye could see, there were panels. I knew it was going to be a giant site but when I saw it, it was so much bigger than I had ever imagined. It was incredible.”
This sea of shimmering glass, still under construction, stretches across a 22-acre site, on land that once was part of the adjacent century-old granite quarry. In its first year, the solar park is expected to produce 5.2 million kilowatt hours of electricity. When fully operational, the facility, developed by Cathartes Private Investments and operated by the solar power company Nexamp, Inc. of North Andover, will produce up to 4.5 megawatts of energy, enough electricity to power more than 600 homes.
WESTFORD — Gov. Deval Patrick flipped the switch on the largest privately owned solar park in New England yesterday and acknowledged the state is committed to reaching its solar-energy goals set in 2008.
A 4.5-megawatt solar-panel field known as Westford Solar Park, with more than 14,000 panels, sits on 22 acres in a former quarry on Route 40 near Route 3. It was developed by Boston-based Cathartes Private Investments and solar-energy producer Nexamp.
The park celebrated its first phase of completion in October.
A report released this week by Mass Inc., an independent, nonpartisan think tank, assessed the state’s response to climate change. It gave recommendations needed to reach Patrick’s goal of reducing greenhouse-gas emissions 25 percent from 1990 levels by 2020.
Westford — Governor Deval Patrick officially flipped the switch on New England’s largest privately owned solar power facility today. Westford Solar Park was developed by one of Boston’s leading private development companies, Cathartes Private Investments, along with North Andover’s Nexamp, an industry leader in solar energy projects. The 4.5-megawatt solar panel field, with more than 14,000 panels, is situated on 22 acres near Route 3 in Westford, Mass. The Park will generate 150 million kilowatt hours over its lifetime.
April 25, 2012 - The state’s largest privately-owned solar energy park will soon be generating power.
Gov. Deval Patrick on Wednesday is scheduled to ceremonially flip the switch for the 4.5 megawatt facility on a 22-acre site in Westford.
CANTON, MA, April 17, 2012 – As part of the company’s ongoing commitment to promoting sustainable business practices, H.T. Berry (www.htberry.com) has announced the completion of a 260 kW array at its 100,000 square foot warehouse in Canton, MA.