Construction of The Berkley East Solar Power Project, co-owned
Canadian Solar Inc.
) and INDU Solar Holdings has been completed for Taunton
Municipal Lighting Plant ("TMLP"). INDU Solar Holdings is a
joint venture of
Duke Energy Corp.
) and Integrys Energy Services, a subsidiary of
Integrys Energy Group, Inc.
Located in Berkley, Mass. the solar power project has an electric
generation capacity of 3-megawatt alternating current (MWAC).
Using 15,624 Canadian Solar modules, this ground-mounted
installation was developed by Community Energy Solar and was
constructed by groSolar.
TMLP provides service to more than 36,000 electric and Internet
customers in Taunton, Raynham, Berkley, N. Dighton and sections
of Lakeville. Under a 25-year agreement, TMPL will purchase all
the power generated from the project. The electricity generated
from the solar plant will be able to power approximately 600
homes on an annual basis and will help in eradicating 1,500 tons
of global warming carbon dioxide emissions annually.
In May 2013, these very participants had facilitated Sterling
Municipal Light Department with two 1 (MWAC) solar power projects
in Sterling, Mass. These projects were also built by groSolar
using 9,968 CS6P 240W Canadian Solar modules. These ventures
demonstrate continued movement of solar into mainstream power
Duke Energy is proactively and effectively mitigating long-term
environmental-related risks through investment plans and
constructive dialogue with policymakers. Integrys Energy's
involvement in multiple ventures will help expand its growth
options. Moreover, its large-scale modernization initiatives are
expected to boost the company's service quality as well as
reliability. One major source of revenue for Canadian Solar is
the implementation of solar power development projects throughout
the world. The company is focused on expanding its engineering,
procurement and construction and solar systems kits business.
In April this year, Massachusetts Electric Construction Company
began work on several solar projects in Massachusetts and
Connecticut. These ground mounted solar arrays have
electric generation capacity in the range of 1.5 MW to 5.9 MW.
These projects can pose threat to the Berkley Solar Power Project
owned by Canadian Solar, Duke Energy and Integrys Energy Group.
Duke Energy, Integrys Energy Group, as well as Canadian Solar
presently retain a short-term Zacks Rank #3 (Hold). We can
instead look for
Huaneng Power International, Inc.
) in the space that has a Zacks Rank #2.
CANADIAN SOLAR (CSIQ): Free Stock Analysis
DUKE ENERGY CP (DUK): Free Stock Analysis
HUANENG POWER (HNP): Free Stock Analysis
INTEGRYS ENERGY (TEG): Free Stock Analysis
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