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Mill Creek Renewables Announces Great Cove Solar, the largest solar project in Pennsylvania

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Mill Creek Renewables (MCR) has announced the start of commercial operations at Great Cove Solar, the largest solar project in Pennsylvania. The 220 MW project spans two solar facilities across 1,600 acres in Franklin and Fulton Counties. With over 485,000 panels, it can generate enough electricity to power approximately 38,060 homes.

The project will supply power to the University of Pennsylvania campus in Philadelphia and the University of Pennsylvania Health System, which operates medical facilities throughout Pennsylvania and New Jersey. MCR expressed gratitude to their client, AES, for the partnership and looks forward to future collaborations with businesses committed to renewable energy.

Mill Creek Renewables (MCR) ha annunciato l'inizio delle operazioni commerciali presso Great Cove Solar, il progetto solare più grande della Pennsylvania. Il progetto da 220 MW si estende su due impianti solari su una superficie di 1.600 acri nei contee di Franklin e Fulton. Con oltre 485.000 pannelli, è in grado di generare energia elettrica sufficiente a soddisfare il fabbisogno di circa 38.060 abitazioni.

Il progetto fornirà energia al campus dell'Università della Pennsylvania a Filadelfia e al Sistema Sanitario dell'Università della Pennsylvania, che gestisce strutture mediche in tutta la Pennsylvania e nel New Jersey. MCR ha espresso gratitudine al proprio cliente, AES, per la collaborazione e aspetta con interesse future collaborazioni con aziende impegnate nell'energia rinnovabile.

Mill Creek Renewables (MCR) ha anunciado el inicio de operaciones comerciales en Great Cove Solar, el proyecto solar más grande de Pennsylvania. El proyecto de 220 MW abarca dos instalaciones solares en 1,600 acres en los condados de Franklin y Fulton. Con más de 485,000 paneles, puede generar suficiente electricidad para alimentar aproximadamente 38,060 hogares.

El proyecto suministrará energía al campus de la Universidad de Pennsylvania en Filadelfia y al Sistema de Salud de la Universidad de Pennsylvania, que opera instalaciones médicas en toda Pennsylvania y Nueva Jersey. MCR expresó su agradecimiento a su cliente, AES, por la asociación y espera con interés futuras colaboraciones con empresas comprometidas con la energía renovable.

Mill Creek Renewables (MCR)는 Great Cove Solar의 상업 운영 시작을 발표했습니다. 이는 펜실베니아에서 가장 큰 태양광 프로젝트입니다. 220 MW 프로젝트는 프랭클린 카운티와 풀턴 카운티의 1,600 에이커에 걸쳐 두 개의 태양광 시설로 구성되어 있습니다. 485,000개 이상의 패널을 갖춘 이 프로젝트는 대략 38,060 가구에 전력을 공급할 수 있습니다.

이 프로젝트는 필라델피아에 있는 펜실베니아 대학교 캠퍼스와 펜실베니아와 뉴저지 전역에 의료 시설을 운영하는 펜실베니아 대학교 의료 시스템에 전력을 공급할 것입니다. MCR은 파트너십을 위해 고객인 AES에 감사의 뜻을 전했으며, 재생 가능 에너지를 추구하는 기업들과의 미래 협업을 기대하고 있습니다.

Mill Creek Renewables (MCR) a annoncé le début des opérations commerciales à Great Cove Solar, le plus grand projet solaire de Pennsylvanie. Le projet de 220 MW s'étend sur deux installations solaires sur 1 600 acres dans les comtés de Franklin et Fulton. Avec plus de 485 000 panneaux, il peut générer suffisamment d'électricité pour alimenter environ 38 060 foyers.

Le projet fournira de l'énergie au campus de l'Université de Pennsylvanie à Philadelphie et au Système de santé de l'Université de Pennsylvanie, qui gère des établissements médicaux dans toute la Pennsylvanie et le New Jersey. MCR a exprimé sa gratitude à son client, AES, pour ce partenariat et est impatient de futures collaborations avec des entreprises engagées dans les énergies renouvelables.

Mill Creek Renewables (MCR) hat den Beginn des kommerziellen Betriebs von Great Cove Solar bekannt gegeben, dem größten Solarprojekt in Pennsylvania. Das 220 MW Projekt umfasst zwei Solaranlagen auf einer Fläche von 1.600 Acres in den Countys Franklin und Fulton. Mit über 485.000 Paneelen kann es genug Strom erzeugen, um etwa 38.060 Haushalte zu versorgen.

Das Projekt wird mit Strom versorgt vom Campus der Universität Pennsylvania in Philadelphia und dem Gesundheitssystem der Universität Pennsylvania, das medizinische Einrichtungen in ganz Pennsylvania und New Jersey betreibt. MCR dankte ihrem Kunden, AES, für die Partnerschaft und freut sich auf zukünftige Zusammenarbeit mit Unternehmen, die sich für erneuerbare Energien engagieren.

Positive
  • Largest solar project in Pennsylvania with 220 MW capacity
  • Powers approximately 38,060 homes
  • Supplies energy to major institutions: University of Pennsylvania and its Health System
  • Partnership with AES, a significant player in the energy sector
Negative
  • None.

Insights

The launch of Great Cove Solar marks a significant milestone in Pennsylvania's renewable energy landscape. At 220 MW, it's not just the state's largest solar project but also a substantial addition to the region's clean energy capacity. The project's scale, powering ~38,060 homes, demonstrates the growing viability of utility-scale solar in the Northeast.

Notably, the project's partnership with the University of Pennsylvania and its health system showcases a trend of large institutions directly investing in renewable energy. This corporate PPA (Power Purchase Agreement) model is becoming increasingly common, allowing organizations to lock in long-term energy prices while supporting clean energy development.

For investors, this project signals strong growth potential in the renewable sector, particularly in states traditionally reliant on fossil fuels. The involvement of AES, a global energy company, further validates the project's economic viability and potential for replication.

Great Cove Solar represents a significant step towards Pennsylvania's clean energy goals. The project's 1,600-acre footprint raises important land-use considerations, balancing renewable energy needs with potential impacts on local ecosystems and agriculture. However, the scale of clean energy production - powering tens of thousands of homes - offers substantial environmental benefits.

The partnership with a major university and healthcare system sets a powerful precedent for institutional adoption of renewable energy. This model could accelerate the state's transition away from fossil fuels, potentially influencing policy and regulatory frameworks to further support large-scale renewable projects.

Investors should note the potential for increased demand for similar projects, driven by both corporate sustainability goals and state-level clean energy mandates. This trend could create opportunities in the renewable energy sector, particularly for companies specializing in large-scale solar development and operation.

While specific financial details are not provided, the scale of Great Cove Solar suggests a significant capital investment. The long-term Power Purchase Agreement (PPA) with the University of Pennsylvania and its health system likely provides a stable, predictable revenue stream for the project owners, reducing financial risk.

For Mill Creek Renewables and AES, this project demonstrates their capability to execute large-scale renewable energy projects, potentially positioning them favorably for future contracts. The growing trend of institutional PPAs could drive demand for similar projects, potentially boosting the renewable energy sector.

Investors should consider the broader implications for the energy market. As more large-scale renewable projects come online, they may put downward pressure on wholesale electricity prices, potentially impacting the profitability of traditional power generators. Conversely, companies involved in renewable energy development, construction and operation could see increased growth opportunities.

WHITING, N.J., Sept. 3, 2024 /PRNewswire/ -- Mill Creek Renewables (MCR) is proud to announce the commencement of commercial operations at Great Cove Solar, a 220 MW project encompassing two solar facilities stretching on over 1,600 acres in Franklin and Fulton Counties, Pennsylvania. As the largest solar project in the state, Great Cove Solar features over 485,000 panels and has the capacity to generate 220 megawatts of electricity, enough to power approximately 38,060 homes. This project will provide power to the University of Pennsylvania campus in Philadelphia and the University of Pennsylvania Health System, which operates hospitals and other medical facilities throughout Pennsylvania and New Jersey.

We extend our gratitude to our client, AES, for their partnership on this project and commend our team for this significant milestone. We look forward to future collaborations with businesses that share our dedication to renewable energy.

About Mill Creek Renewables

Mill Creek Renewables (MCR) is a leader in the renewable energy sector, specializing in utility-scale solar energy facilities. MCR offers comprehensive Engineering, Procurement, and Construction (EPC) services for Solar PV, Solar plus Battery Storage, and Repower services across the United States. Additionally, Mill Creek provides full-service Construction Oversight Services and Owner Representation Services for new solar projects, retrofits, and repowers. For more information, visit www.millcreekrenewables.com and connect with us on LinkedIn.

About AES

The AES Corporation (NYSE: AES) is a Fortune 500 global energy company accelerating the future of energy. Together with our many stakeholders, we're improving lives by delivering the greener, smarter energy solutions the world needs. Our diverse workforce is committed to continuous innovation and operational excellence, while partnering with our customers on their strategic energy transitions and continuing to meet their energy needs today. For more information, visit www.aes.com.

Media Contact:
Karen Gasper
kgasper@millcreekrenewables.com

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SOURCE Mill Creek Renewables

FAQ

What is the capacity of the Great Cove Solar project in Pennsylvania?

The Great Cove Solar project in Pennsylvania has a capacity of 220 MW, making it the largest solar project in the state.

How many homes can the Great Cove Solar project power?

The Great Cove Solar project can generate enough electricity to power approximately 38,060 homes.

Who are the main customers of the Great Cove Solar project?

The main customers of the Great Cove Solar project are the University of Pennsylvania campus in Philadelphia and the University of Pennsylvania Health System.

What is the size of the Great Cove Solar project in Pennsylvania?

The Great Cove Solar project spans over 1,600 acres across two solar facilities in Franklin and Fulton Counties, Pennsylvania.

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