Solect Energy Awarded 10.4 MW Solar Services Contract from Greenwood Energy

Solect Seeing Rapid Growth of O&M Solar Services

Hopkinton, MA – June  13, 2017 – Solect Energy, Massachusetts’ leading developer and installer of commercial-scale solar energy systems, today announced a 10.4 megawatt (MW) solar services relationship with Greenwood Energy, a leading solar investor and developer. Under the agreement, Solect will manage and maintain seven of Greenwood Energy’s solar projects. With this relationship, Solect grows the number of projects under its Solar Service program to 365 sites totaling 75 MW. Solect continues to expand its services footprint beyond its installed base to additional customers seeking sophisticated, solar operations and maintenance (O&M) support.

Solect designed and installed three of these seven projects owned by Greenwood Energy.  With this deal, Solect will service four additional sites that are not a part of its installed base. The projects are a mix of ground- and roof-mounted arrays, in both rural and urban environments, and are all located in Massachusetts.

Solect has traditionally managed and maintained the solar arrays it designs and builds.  From its inception, Solect has made service a priority to ensure that customers received the full ROI on their solar investments.  In June 2016, the company announced its Solect Service program, making available its services expertise and its comprehensive suite of O&M offerings to any commercial-scale, solar installation in the New England area.

“We chose Solect because of their extensive experience and comprehensive approach to servicing solar projects,” said Bill Bushnell, Director of Engineering at Greenwood Energy. “Solect’s attention to detail, focus on high-quality customer service and responsiveness ensures that our systems will achieve their maximum performance.”

Under the terms of the deal, Solect Energy will be responsible for the following O&M services:

  • Solar Production Monitoring and Reporting
  • SREC (Solar Renewable Energy Credit) Management
  • Net Metering Support
  • Scheduled & Corrective Maintenance
  • Vegetation Management

“We have collaborated on a number of projects with Greenwood Energy, a highly respected solar project developer and investor,” said Steve Bianchi, General Manager of Solect Services. “We are delighted to be chosen as their services partner for four additional sites in Massachusetts.  Solect’s service offerings are distinguished by substantial investments we have made in sophisticated technology, proven processes and in-house talent. Customers are noting the difference, and we are very pleased with both the installed base and out-of-base response to our Solar Service program.”

 

About Greenwood Energy

Greenwood Energy combines top-tier developers, financial professionals, and operational experts to create exceptional clean energy investment opportunities. We are currently focused on modern solar photovoltaic (PV) solutions in the US and Panama. Our expertise includes project development, financing, construction management, and active asset management. With over 250 years of collective experience in renewable energy project finance, Greenwood Energy has built over 200 megawatts of renewable energy projects.

About Solect Energy

Solect Energy is a full-service solar photovoltaic (PV) project developer and installer based in Hopkinton, Massachusetts, delivering smart solar and energy management solutions to help businesses and organizations reduce energy costs. As an industry leader in commercial-scale solar energy, Solect takes a practical approach to the development, installation and on-going support of each system. We partner closely with our customers, providing strong financial insight and solar technology expertise to optimize their investment while creating a positive impact on the environment. Solect currently has installed over 60 MW (megawatts) of commercial PV systems, with a primary focus on commercial, light industrial and institutional properties in New England. For more information, visit https://solect.com or follow us on Twitter at @SolectSolar.