Capabilities that get projects built.
Who We Are
The Greenwood Energy team has combined experience of over 55 years in solar and over 65 years in renewable energy. We have the technical, legal and financial expertise to take solar projects from development to operation and beyond. We target projects between 1 MW and 15 MW located throughout the United States, and have the capability and experience to tackle larger projects. Typically, projects with similar risk profiles and timelines are aggregated into portfolios comprising six to ten projects totaling 10 MW to 30 MW. Using a portfolio strategy provides critical mass so that we can leverage our strategic relationships with top-tier third party tax equity and debt providers. Once in operation, we work hard to deliver maximum value from our assets.
The renewables sector has come of age, particularly solar power. The union of capital and technology are making a difference to the global economy by lowering the cost of energy.
Elizabeth Mine Solar is a 7,000 kW DC solar project in Strafford, Vermont. The fixed tilt system is located on a former EPA Superfund site using ballasted foundations. It will sell energy under a long-term power purchase agreement with Green Mountain Power. The project is in construction and expected to enter commercial operation in Q4 2017.
Stanton Landfill Solar is a 6,820 kW DC landfill solar project located on the property of the Orlando Utilities Commission’s (OUC) Stanton Power Station in Orlando, Florida. The Stanton Station is an existing power station with a 1,000 MW coal-fired power plant and a 1,000 MW natural gas-fired power plant. The project is installed on a capped ash landfill using ballasted foundations. Energy is sold under a long-term power purchase agreement with OUC. COD was achieved in September 2017.
480 McClellan Solar is a 600 kW DC rooftop solar project in Boston, Massachusetts. The system was installed on a privately-owned building and sells net metering credits under a long-term agreement with University of Massachusetts Boston. The project generates and sells renewable energy certificates under Massachusetts SREC II program and went into commercial operation in November 2016.
North and South Peninsula
North and South Peninsula is a 1,950 kW DC fixed-tilt, ground mounted, solar project located in Wilmington, Delaware. The project went into commercial operation in November 2013 under the State’s Solar Renewable Energy Credit (SREC) Program. The project is split into two equivalent arrays of 975 kW DC each and is constructed on a seven acre, privately-owned, industrial brownfield using ballasted foundations. The project sells energy and SRECs to Delmarva Power & Light (Delmarva) under separate long-term contracts.
Interlake is a 2,900 kW DC ground-mounted solar project located in Geneva, NY. Energy is sold to Ithaca College under a 25-year virtual net metering agreement. The project generates approximately 3.4 million kilowatt-hours per year of electricity which provides roughly 10 percent of the College's power needs. Commercial operation was achieved in November 2016.