Nexamp, NuGen complete Mass. solar array

AN 8,129-PANEL solar array installed by Nexamp at Fairview Farms in Whately, Mass., will provide enough electricity annually to power nearly 400 homes, the company said. The project is owned by Rhode Island private equity group NuGen Capital Management. / BLOOMBERG FILE PHOTO/KEN JAMES
AN 8,129-PANEL solar array installed by Nexamp at Fairview Farms in Whately, Mass., will provide enough electricity annually to power nearly 400 homes, the company said. The project is owned by Rhode Island private equity group NuGen Capital Management. / BLOOMBERG FILE PHOTO/KEN JAMES

BOSTON – Solar energy developer Nexamp has announced the completion of a 2.4-megawatt solar array at Fairview Farms in Whately, Mass., featuring 8,129 panels designed and constructed for NuGen Capital Management, the Rhode Island private equity firm that owns the project.
“The Fairview Farms solar project supports a multi-generational farm, increases jobs in Massachusetts, supports the budget of Whately and provides electricity savings for a leading university all while generating clean energy for the region,” said David Milner, CEO of NuGen Capital Management. “I can think of no better example of an outstanding investment and one that we are proud to have made.”
The project, which marked its first month of operation at the end of July, will provide a consistent source of income for the multi-generation family farm and produce enough electricity annually to power nearly 400 homes, the companies said.
According to Zaid Ashai, chairman and CEO of Nexamp, projects such as this one help farmers optimize use of their land and provide income during the off-season months when farmers make no income off their produce. Revenue from the solar array will go towards supporting Fairview Farms’ operations.
In addition, the University of Massachusetts Amherst has agreed to purchase net metering credits from the project as well as another 1.5 megawatts from a second Nexamp-developed solar project at a farm in Hadley, Mass. Combined, these two projects are expected to save the university approximately $1.5 million during the first 20 years of operation.
“These solar projects complement our leadership in renewable energy and climate-related research programs, our goal of carbon neutrality, and our nationally recognized green campus operations,” said Juanita Holler, UMass Amherst’s associate vice chancellor for facilities and campus services. “We will leverage these savings to implement more energy efficiency and renewable energy projects on our campus.”

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