BALTIMORE and CAPE MAY COURT HOUSE, N.J. (April 18, 2012) - Constellation Energy, a business unit of Exelon (NYSE: EXC), and Middle Township Board of Education today announced the completion of an aggregate 1.5-megawatt (DC) solar generation project. 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.
Located at four Middle Township Public School District sites -- Elementary 1, Elementary 2, High School and Administration Building -- the solar power systems are expected to generate 42 percent of the district's electricity needs.
In honor of the solar generation project's completion, a celebration and ribbon-cutting were held today at Middle Township High School, in Cape May Court House, N.J. Students as well as representatives from Middle Township Public Schools, Constellation Energy, Smart Energy Capital, The Design Collaborative, Calvi Electric and elected officials were on hand for the event including Middle Township Mayor Dan Lockwood.
"The school district is excited about this solar project and our relationship with Constellation Energy," said Mike Kopakowski, superintendent of Middle Township Public Schools. "Hosting solar generation provides many positive opportunities for our students and the community. In addition to energy cost savings and supporting the environment, the project serves as an educational resource, inspiring students to pursue academic and career opportunities in science, technology, engineering and mathematics."
The solar power systems are comprised of approximately 5,785 roof-mounted photovoltaic panels. The project is expected to generate more than 1.7 million kilowatt-hours of electricity per year. Generating the same amount of electricity using nonrenewable sources would result in the release of approximately 1,331 metric tons of carbon dioxide, or the equivalent emissions from 261 passenger vehicles annually, according to U.S. EPA data.
"Constellation Energy is pleased to support the Middle Township Board of Education in its commitment to renewable energy," said Michael D. Smith, vice president of solar and efficiency sales for Constellation Energy. "During a time when many school districts are looking for ways to do more with less support, on-site solar generation helps keep electricity prices affordable. By structuring solar projects as power purchase agreements, we can provide energy solutions that require no upfront capital from customers and provide them with fixed power costs that are less than projected market rates."
Constellation Energy currently owns and operates more than 100 megawatts of solar installations that have been completed or are under construction for commercial and government customers throughout the United States. Constellation's commercial customers, universities, school systems, hospitals and government agencies interested in on-site solar installations of 1 megawatt or larger may contact Constellation Energy at email@example.com or 1-877-427-2005.
Exelon Corporation (NYSE:EXC) is the nation's leading competitive energy provider, with approximately $33 billion in annual revenues. Headquartered in Chicago, Exelon has operations and business activities in 47 states, the District of Columbia and Canada. Exelon is the largest competitive U.S. power generator, with approximately 35,000 megawatts of owned capacity comprising one of the nation's cleanest and lowest-cost power generation fleets. The company's Constellation business unit provides energy products and services to approximately 100,000 business and public sector customers and approximately 1 million residential customers. Exelon's utilities deliver electricity and natural gas to approximately 6.6 million customers in central Maryland (BGE), northern Illinois (ComEd) and southeastern Pennsylvania (PECO).