Vistra agrees USD 3.25bn buyout of zero-carbon energy unit
Sep 19, 2024 11:01 CESTJohns Hopkins Medicine (JHM) has signed a contract to buy solar power from a 13.6 MW installation in Maryland, the installer SolarCity (NASDAQ: SCTY) said today.
The project is expected to be completed and operational within the first half of 2016 and will serve the Johns Hopkins East Baltimore Campus.
Since no roof or ground space was available on current facilities for such a large-scale solar project, Johns Hopkins chose a remote solar arrangement for its first photovoltaic (PV) system.
Installed and maintained by SolarCity with financing and management by Direct Energy Business, the 13.6 MW solar installation will feature more than 40,000 solar panels across a 97-acre plot of land in Wye Mills, part of Queen Anne's County, Maryland.
It will deliver the energy generated to Johns Hopkins for less than their current electricity rate, and is expected to offset about 18% of the total energy Johns Hopkins facilities use.
Vistra agrees USD 3.25bn buyout of zero-carbon energy unit
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