Constellation Energy, a business unit of Exelon (NYSE: EXC), and the Middle Township Board of Education in New Jersey said they have completed a 1.5 MW (DC) solar power project for four Middle Township Public School District sites.
Baltimore-based Constellation Energy owns and will maintain the solar power systems. In return, the school district will purchase and receive all of the electricity generated by the solar panels at a fixed rate from Constellation Energy under a 15-year power purchase agreement. The solar power systems, comprised of approximately 5,785 roof-mounted photovoltaic panels, are expected to generate 42 percent of the district’s electricity needs.
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