Fall River approves deal to create solar energy farm

By Kelly L. Anderson
PBN Staff Writer
Posted 10/14/11

FALL RIVER – The Fall River Redevelopment Authority has voted to sell two parcels of land to a renewable energy developer for a 4-megawatt solar energy farm.

The five-member authority voted unanimously Wednesday, with one member absent, to sell the 12- and 4-acre parcels for $3.2 million, said Michele Paul, project developer for the Fall River Office of Economic Development.

“It just made sense,” she said. “The land is less marketable than most land in the area because it’s next to a landfill and because of the configuration.”

Newton, Mass.-based SunGen Mark Andover LLC works with real estate developers in North America to design, construct and underwrite renewable energy projects.

The company approached the authority in June about the area, Paul said. The negotiations center around the final configuration of the land, which will contain 3-foot-by-5-foot panels.

The vote doesn’t mean the deal is done, it just means the authority will move forward with continuing the negotiations, Paul said.

The only downside as of now is that the project would not create many, if any new jobs, she said. But the city would save money off the deal, she said. National Grid would purchase the electricity and the city would use it for school and government buildings at significant savings.

The hope is to have the deal finalized by the end of the year, Paul said.

PBN Hosted

Join PBN for the best networking event and party of the winter - January 15, 2015 - the Book of Lists Party at the Providence Public Library. Reserve your spot by December 31st and get a holiday gift from PBN!
  • Best Places to Work
    Enrollment is now open for the 7th annual Best Places to Work program. Winners w ...
  • Manufacturing Awards
    Applications are now being accepted for the 2nd Annual Manufacturing Awards. Dea ...
Purchase Data
Book of Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  • Purchase an e-File of the entire Book of Lists database
  • Purchase a printed copy of the Book of Lists
    Latest News