EDF Renewable Energy Closes MIPSA on Lancaster Solar Project and Commences Construction
EDF Renewable Energy closed on the membership interest purchase and sale agreement (MIPSA) and started construction on the 5.86-MW Lancaster Solar Project. EDF Renewable Energy and Urban Green Technologies (UGT) signed the MIPSA in October 2013. The power generated will be delivered to the Town of Billerica, Massachusetts under a long-term PPA. EDF Renewable Energy will develop, own and operate the solar project with commercial operation expected in spring, 2014. EDF Renewable Energy has also executed an EPC contract with M+W U.S. Through an integrated approach, M+W U.S. will contract with Gehrlicher Solar America (GSAC) to execute the implementation of the project.