Cozad, NE, Aug. 17, 2021 (GLOBE NEWSWIRE) -- Today, the City of Cozad and N Solar cut the ribbon on a 2.4 MWdc solar energy system that will provide power directly to the city’s electric utility. The system is located at 2nd and Monroe Streets will provide enough electricity to power 400 homes annually.
Although the City contracts its power through Nebraska Public Power District, it can generate up to 2.4 MWdc of its power on its own, opening the possibility for the City to add solar energy to its portfolio. The City’s utility will purchase energy from the array at a fixed-price over a 30-year period providing energy savings and protection from price volatility present in a typical retail electricity contract.
We are excited to partner with N Solar on our solar energy system and bring even more affordable and clean energy to our customers,” said Nikki Schwanz, Cozad City Administrator. “By working together, we are able to provide clean power to our community in a cost-effective way.”
Incorporating low cost, renewable power into a City’s energy portfolio represents a financially efficient and attractive strategy for Cozad to attract businesses. Cozad’s Development Corporation helped to drive this project forward for the City. According to Jen McKeone with CDC, “We are already seeing industries look at us because we have added a green energy component to our utility mix. This will be a great tool for economic development.”
The project was developed by N Solar, a three-company coalition consisting of Mesner Development, GenPro Energy Solutions, and Sol Systems, that provides energy solutions to municipal utilities and power districts throughout Nebraska.
Sol Systems, a Washington-DC based solar energy developer, financed the system through its joint venture with investment firm Capital Dynamics, who will serve as the long-term owner and operator of the system.
“Cozad will greatly benefit from 30 years of low-cost, clean energy at a price protected against inflation,” said Anna Noucas, Director of Originations at Sol Systems. “The City was a fantastic partner and are part of the growing number of forward-thinking municipalities that and leaders who value solar as a key part of their present and future energy strategy.”
GenPro Energy Solutions, a renewable energy construction firm based in South Dakota, provided construction for the array, which began in November 2020 and reached commercial operation last month. GenPro will also provide maintenance on the system throughout its life.
Molly Brown, Executive Vice President of Energy Development at GenPro Energy Solutions said "After several years of project development and finding the right solution for the City of Cozad, we're excited to add Cozad to the growing number of municipal utilities who understand both the environmental and economic development benefits of distributed solar generation. Having a solar farm sited within the community it serves can be a source of pride for the Cozad community for years to come."
ABOUT N SOLAR
N Solar is a three-company partnership designed to provide every Nebraska community with the opportunity for clean energy integrated with local public power districts and municipal utilities. N Solar comprises Nebraska’s Mesner Development in partnership with GenPro Energy Solutions in site development and construction, and Sol Systems in financing, ownership, and power purchase agreements. To date, this team has developed, constructed and financed over 19 megawatts of solar in Nebraska.
ABOUT SOL SYSTEMS
Sol Systems is a leading national solar energy firm with an established reputation for integrity and reliability across its development, infrastructure, and environmental commodity businesses. To date, Sol has developed and/or financed over 1 GW of solar projects valued at more than $1 billion for Fortune 100 companies, municipalities, counties, utilities, universities, and schools and provides services to nearly 17,000 customers across the US. The company was founded in 2008, is based in Washington, D.C., and is led by its founder. Sol Systems works with its team, partners, and clients to create a more sustainable future we can all believe in. For more information, visit https://www.solsystems.com.
ABOUT GENPRO ENERGY SOLUTIONS
GenPro Energy Solutions is an energy service organization, with a global depth of experience in solar and energy efficient technologies. GenPro partners with businesses, municipalities, utilities, state and national governments on projects that range from energy efficient lighting systems to development of utility-grade solar energy farms. Fully certified solar design team including: NABCEP, SEI and ASES. GenPro currently serves 200+ energy-related dealers in North America. They are listed among Solar Power World Magazine’s “Top 500 Solar Contractors” for the past five consecutive years.
ABOUT MESNER DEVELOPMENT CO.
Mesner Development Co. is a real estate development firm specializing in affordable and workforce housing. Its owners, Cliff and Kathy Mesner, are both attorneys practicing in Central City, Nebraska. In addition to housing, the Mesners have helped several communities develop community solar.
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