Foley Hoag Represents ENGIE NA Green Charge in Combined Solar Energy Storage Project
October 04, 2017
Utility-Scale Energy Storage System Will Be the Largest in Massachusetts
Foley Hoag LLP recently represented ENGIE North America, Inc. and its subsidiary Green Charge Networks, LLC in the negotiation of a solar power purchase agreement and energy storage services agreement for the Mt. Tom Solar and Energy Storage Project in Holyoke, Massachusetts. The project will integrate a 6 MW community shared solar photovoltaic (PV) project with a 3 megawatt, 6 megawatt-hour lithium ion battery energy storage system to provide solar PV generation and energy storage services to Holyoke Gas & Electric (HG&E). HG&E will use the energy delivered from the system in a community-shared solar product offered to its customers and will receive energy storage services to optimize the available solar output and reduce capacity and energy and transmission costs as well as stress on HG&E's electric distribution system during peak times.
Foley Hoag attorneys Adam Wade and Nicola Lemay advised ENGIE and Green Charge in connection with the negotiations of the project’s agreements, as well as state and federal tax matters and compliance with the Section 48 Investment Tax Credit in this first-of-its-kind transaction in Massachusetts. Foley Hoag attorney Jonathan Book provided real estate advice for the project.
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