BlueWave Capital Selected Through Metropolitan Area Planning Council (MAPC) Initiative to Build Solar Photovoltaic Projects in 17 Greater Boston Communities


Logo-MAPCAgreement Targets Substantial Electricity Cost Savings for Boston-Area Communities

BOSTON, MA (July 23, 2014) – BlueWave Capital, LLC announced today that it will serve as the solar energy developer to work with 17 Greater Boston cities and towns as the municipalities seek to reduce electricity costs and carbon footprints through the use of solar energy.  BlueWave was selected through a competitive procurement process facilitated by the Metropolitan Area Planning Council (MAPC).

The participating MAPC communities are now eligible to enter into long-term energy services agreements to purchase renewable electricity generated from facilities that BlueWave and its partners will develop on parking lots, school roofs, landfills and other publicly-owned spaces in these communities. The participating communities include Belmont, Beverly, Boxborough, Brookline, Chelsea, Hudson, Lincoln, Marlborough, Medford, Medway, Melrose, Reading, Sherborn, Wayland, Weston, Weymouth and Winthrop

BlueWave was selected through a competitive, qualifications-based selection process facilitated by MAPC and involving representatives of participating cities and towns. BlueWave’s team members include SunEdison, which will be providing financing for the projects, and Borrego Solar and RGS Energy who will serve as the engineering, procurement and construction contractors on the projects.

BlueWave has developed projects for more than a dozen Massachusetts cities, towns and public agencies including projects that have made the City of New Bedford the fourth largest municipal user of solar electricity in the country and are expected to save the city more than $1 million annually in municipal electricity costs.

“MAPC is excited to advance our Regional Solar Initiative and support the implementation of municipal solar in the Metro Boston region. We look forward to working with the BlueWave team to achieve significant energy and cost savings for our participating communities,” said Rebecca Davis, Director, MAPC Clean Energy Division.

“Governor Patrick and the Massachusetts Legislature created the Green Communities Act in 2008 in no small part to help cities and towns across the Commonwealth realize the significant financial and environmental benefits of solar energy .We are thrilled to be working with MAPC and these 17 communities to help advance that cause,”  said BlueWave Managing Principal John DeVillars. “We have built a best-in-class team, including SunEdison as our financing partner and Borrego Solar and RGS Energy as our engineering, procurement and construction contractors and very much look forward to working with them and MAPC to realize the full measure of this initiative.”

“SunEdison’s ongoing partnership with BlueWave has been transformative to the Massachusetts solar industry,” added SunEdison Managing Director, Steve Raeder.  “Having the opportunity to expand our working relationship by jointly serving MAPC and its community members is exciting.”

“Because city and town governments get pulled in so many different directions, taking part in membership organizations like the MAPC can provide huge advantages,” said Joe Harrison, senior project developer at Borrego Solar. “As owner advocates, MAPC can aggregate members to take advantage of any economies of scale and greater buying power during the contract negotiation period, and simultaneously, the process is made more efficient for participating communities. Borrego Solar is honored to be collaborating with BlueWave on this portfolio of projects as this partnership demonstrates the importance of supporting each other as our industry grows.”

“RGS Energy is proud to have been selected by BlueWave to help the MAPC achieve its goal of helping communities across Massachusetts deploy clean and sustainable solar energy.  RGS Energy has been working with homeowners, businesses and communities across the Commonwealth of Massachusetts to achieve their goals of environmental stewardship and financial savings through adoption of solar for many years. We look forward to our continued partnership with the BlueWave team in supporting this great program,” said Jared Haines, Vice President of Sales for RGS Energy’s Commercial Division.

BlueWave’s partnership with MAPC will also enable cities and towns to achieve goals beyond creating new sources of renewable electricity. These efforts include:

• Development of landfills, brownfields, parking lots and other under-utilized sites central to community redevelopment;

• Alliances with Mayors, Town Managers and other municipal executives to promote community solar for local businesses and residents;

• Extensive use of local contractors;

• Collaboration with regional vocational technical schools and other green job training organizations; and

• Development of educational programs for local schools.

About BlueWave Capital, LLC

BlueWave Capital, LLC is a Boston-based solar photovoltaic (PV) energy project development company with more than 600 megawatts (MW) of solar projects under development in the United States, South Africa and the Caribbean. In Massachusetts BlueWave has nearly 100MW of projects constructed or under development that provide cost savings and other community benefits to more than a dozen cities, towns, colleges and public agencies including the City of New Bedford, the Towns of Bourne, Palmer, Webster and Winthrop, and several state colleges including Cape Cod Community College,

More information on BlueWave is available at www.bluewave-capital.com.

About MAPC

The Metropolitan Area Planning Council (MAPC) is a regional planning agency serving the people who live and work in the 101 cities and towns of Metropolitan Boston. MAPC’s mission is to promote smart growth and regional collaboration. With its member communities, MAPC works toward sound municipal management, sustainable land use, protection of natural resources, efficient and affordable transportation, a diverse housing stock, public safety, economic development, an informed public, and equity and opportunity among people of all backgrounds. The MAPC region includes coastal communities, older industrial centers, rural towns and modern cities. To learn more about what MAPC does, visit mapc.org.

About SunEdison

SunEdison is a global leader in transforming how energy is generated, distributed and owned. SunEdison manufactures solar technology and develops, finances, installs and operates distributed solar power plants, delivering predictably priced electricity and services to its residential, commercial, government and utility customers.  SunEdison also provides 24/7 asset management, monitoring and reporting services for hundreds of solar systems worldwide via the company’s Renewable Operation Center (ROC). SunEdison has offices in North America, Europe, Latin America, Africa, India and Asia. SunEdison’s common stock is listed on the New York Stock Exchange under the symbol “SUNE.”  To learn more visit www.sunedison.com.

About Borrego Solar

Established in 1980, Borrego Solar Systems, Inc. is one of the nation’s leading financiers, designers, developers and installers of commercial and utility solar power systems. Borrego Solar’s photovoltaic systems are efficient, reliable and cost-effective. With more than three decades of experience and more than 1,000 solar power installations completed—totaling over 100 MW—Borrego Solar offers a complete line of solar systems design and installation services throughout the country. For more information, visit www.borregosolar.com.

About RGS Energy

RGS Energy (NASDAQ: RGSE) is one of the nation’s pioneering solar energy companies serving commercial, residential, and utility customers. Beginning with one of the very first photovoltaic panels sold to the public in the U.S. in 1978, the company has installed more than 22,500 solar power systems representing over 235 megawatts of 100% clean renewable energy. RGS Energy makes it very convenient for customers to save on their energy bills by providing a comprehensive solar solution, from design, financing, permitting and installation to ongoing monitoring, maintenance and support.

As one of the nation’s largest and most experienced solar power players, the company has 20 offices across the West and the Northeast. For more information, visit RGSEnergy.com, on Facebook at www.facebook.com/rgsenergy and on Twitter at https://twitter.com/rgsenergy. RGS Energy is a trade name and RGS Energy makes filings with the Securities and Exchange Commission under its official name “Real Goods Solar, Inc.”

 

CONTACT:  Ernie Corrigan, 617-875-1229


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