|
Holly Andersen, project manager for the Planning Office, was the staff speaker at Convocation 2018. She shared her career over the course of nearly a decade spent at Bennington, reflected upon her experiences as a first-generation college student, and encouraged students to take advantage of the family found on campus.
0 Comments
OPP and Alternative Energy Development Group announce 2MW advanced Utility-Scale Solar PV project  UNIVERSITY PARK, Pa. — A new project will provide 2,500 megawatt-hours of clean, reliable and affordable solar-generated energy annually to the University as part of its diversified energy portfolio. The Penn State Office of Physical Plant and Alternative Energy Development Group (AEDG) announced Sept. 19 the development of a 2 megawatt Advanced Utility-Scale Solar photovoltaic system. “The Office of Physical Plant is thrilled to be part of yet another project that will provide clean, reliable and sustainable energy to the University,” said Steve Maruszewski, assistant vice president of the Office of Physical Plant and the lead Penn State project sponsor. “This installation provides the University with the ability to research and optimize multiple power generation sources on our micro-grid. It is a true living lab project that combines operations directly with teaching, research and outreach.” Providing education and research — and electricity The solar project will provide 1 percent of University Park’s campus electricity needs. Included in the project will be an educational kiosk supporting academic instruction and research, sharing real-time performance data of the array. In addition, the array also will offer Penn State opportunities to test future technological developments in the field. “We see the new solar farm as an incredible opportunity to understand the impacts of solar development on landscapes and ecosystems, as well as for power production,” said Jeffrey Brownson, associate professor of Energy and Mineral Engineering in the Department of Energy and Mineral Engineering. “We have already begun involving student research and classes in the framework for this systems-based solar integration, called 'solar ecology' Students are also excited to integrate our open-source sunlight monitoring techniques using Penn State 3D printing.” Guiding the solar project’s development are specific goals and objectives, including:
Partnering to produce reliable and sustainable energy The array was developed by AEDG, a Pennsylvania-based renewable energy developer, and will be financed, owned, maintained and operated by AEDG and MVE Capital, Inc., an affiliate of the MVE Group, Inc., in Ephrata, Pennsylvania. The University has entered into a 25-year, solar-power purchase agreement to purchase 100 percent of the electricity and PA Alternative Energy Credits generated by the solar system for the term of the agreement. “This is an opportunity to further our pursuit of our energy savings goals, provide our students and researchers with a living lab opportunity close to their classrooms and laboratories, and continue exploring ways to lessen our impact on the environment.” — David Gray, senior vice president of Finance and Business The solar project is an example of a public-private partnership, including the following parties:
“I’m excited to support this project, which is aimed at providing the University with a reliable and sustainable energy source so close to campus,” said David Gray, senior vice president of Finance and Business at Penn State. “This is an opportunity to further our pursuit of our energy savings goals, provide our students and researchers with a living lab opportunity close to their classrooms and laboratories, and continue exploring ways to lessen our impact on the environment.” “We want to thank and recognize the cross-functional team from Penn State, West Penn Power, West Penn Power Sustainable Energy Fund, and all the Pennsylvania-based professional services firms who came together from a diverse range of stakeholder perspectives to make this project a reality,” said Chris D. Fraga, founder and CEO of AEDG. “Throughout the development process, we focused on Penn State’s stakeholder needs, while ensuring a design that would yield safety, performance and value from the state-of-the-art, utility-scale solar project. Integrating Penn State’s faculty, staff and students in the process was both enriching for all and builds upon Penn State’s energy strategy and we are honored to be part of this exciting Pennsylvania project.” Expanding Penn State's solar footprint This is not the first solar project the University has supported or sponsored. OPP, with the help of students and a $75,000 grant from the Sustainability Institute’s Reinvention Fund, installed a solar array outside its main facility to provide power to charge its 100 percent electric vehicles. The MorningStar Solar Home, located in the Sustainability Experience Center, was built in 2007 and is a 100 percent renewable energy powered home. It is used by teachers and faculty as an immersive learning destination. In addition, the Penn State Class of 2015’s gift was a solar panel array powering a bus stop near Beaver Stadium.  This rendering shows another view of the solar array and its location between Orchard Road and Mount Nittany Medical Center. Reinvestment Fund provides Alternative Energy Development Group with Innovative Financing Solution9/16/2018  CONSTRUCTION CREDIT FACILITY FOR DISTRIBUTED GENERATION ENERGY PROJECTS :
(Philadelphia, Pennsylvania, September 14, 2018) Reinvestment Fund is pleased to announce the funding of Alternative Energy Development Group LLC, and affiliated companies SolarSense LLC, and their energy project company LLC’s, with a $5M revolving construction loan and line of credit. The revolving credit facility will finance AEDG’s construction of numerous, concurrent energy projects in the United States. The new credit facility will be used for a project beginning construction this month in Vermont, a 734 kW DC Solar PV system developed by AEDG and financed by its Fund, the Alternative Energy Infrastructure Projects Fund I, LP, and a tax-equity banking provider. The loan will also be used for a 2 MW single-axis tracker Solar PV project scheduled to begin construction in November 2018 for a publicly listed oil & natural gas client in California. This loan follows several loans between the Parties over a four-year period, including:
“AEDG does a great job bringing solar power to a wide range of commercial customers, including many in the small-to-mid market and not-for-profit sectors that are often overlooked in the marketplace”, said Andy Rachlin, Managing Director, Lending and Investment at Reinvestment Fund. “We’re proud to be part of their success.” “We’ve established a strong working relationship with Reinvestment Fund based on trust, alignment of missions, and each company’s core competencies”, said Chris Fraga, Founder & CEO of Alternative Energy Development Group. “We appreciate and value our relationship with Reinvestment Fund, and look forward to growing our partnership enabling clean, reliable and affordable energy projects.” ABOUT REINVESTMENT FUND Reinvestment Fund is a catalyst for change in low-income communities. The organization integrates data, policy and strategic investments to improve the quality of life in low-income neighborhoods. Using analytical and financial tools, Reinvestment Fund brings high-quality grocery stores, affordable housing, schools and health centers to the communities that need better access—creating anchors that attract investment over the long term and help families lead healthier, more productive lives. www.reinvestment.com ABOUT ALTERNATIVE ENERGY DEVELOPMENT GROUP Alternative Energy Development Group (AEDG) helps commercial-scale clients reduce their energy demand, reduce their energy supply costs, and become more sustainable and resilient. We develop, finance, own and operate commercial- and industrial-scale clean energy projects and serve as Fund Manager and General Partner for the Alternative Energy Infrastructure Projects Fund I LP. Our singular focus is solving customers' energy needs by utilizing the latest clean energy technologies to achieve meaningful financial, sustainability and resiliency benefits. www.aedgonline.com  AEDG is excited to announce that Bennington College (located in Bennington, Vermont) and SolarSense (headquartered in Berwyn, Pennsylvania) have entered into agreements for the College's participation in the Vermont Solar Group Net Metering program. Bennington College, a forward-thinking liberal arts college, is committed to the environment and sustainability, and SolarSense welcomes them into our family of valued Vermont customers.
About Bennington College Through a genuinely distinctive education, Bennington cultivates a mindset for change, a capacity to break new ground, the conditions for progress. At Bennington, learning and making are inseparable. The faculty are committed not just intellectually, but also as leading practitioners in their field. Students develop ideas in the classroom, and then test those ideas where it counts—through hands-on work in the world. The result is a learning experience free of artificial barriers where students imagine, shape, and pursue their best work. Bennington College One College Drive Bennington, VT 05201-6003 802-442-5401 AEDG is pleased to annouce and congratulate our partner, colleague and friend, Fritz Krussman, on his promotion to Chief Financial Officer & Chief Operations Officer of AEDG. Fritz began his career with AEDG as an Advisor in the pre-launch stage, and has since mastered each new area of responsibility, staff and growth of our 48 affiliated companies across Corporate Finance, Project Finance, and Fund Management/Finance. Congrats Fritz, well earned and deserved! #fritzkrussman #promotion
AEDG is proud to announce its 2017 Partner of the Year Awards. Each year, AEDG selects those partners whose dedication, commitment, and value-add to our mission to serve Customers is exemplary. We are proud to announce the award recipients for 2017 Partner of the Year in the following categories:
The Philadelphia Industrial Development Corp. on Tuesday announced the launch of a 440-kilowatt rooftop solar installation that will provide power to several Navy Yard tenants, making it the state’s first community solar project. Construction of the Navy Yard Community Solar’s 1,295 photovoltaic panels is already underway on the rooftop of RevZilla.com’s East Coast warehouse and fulfillment center. The project is expected to produce about 930,000 kilowatt hours a year, about one-half of 1 percent of the Navy Yard’s total power. The project was conceived of and financed in part by Reinvestment Fund and the Sustainable Development Fund, which are providing a low-interest loan and grant to the project’s developer, SolarSense L.L.C. of Berwyn, Pa. SolarSense will own the project and sell the output to the Navy Yard. The solar power will be fed directly into the Navy Yard’s microgrid, and distributed to multiple customers, a concept known as community solar. PIDC will bill its solar customers a slightly higher rate for the renewable energy, said Rudy Terry, director of the Navy Yard Smart Grid. “There’s a lot of green-thinking customers here who don’t really care about the extra cost,” he said. PIDC plans to add a second Navy Yard solar project that would be commissioned next year to generate an additional 310 kilowatts. The total cost of the two phases is about $2 million, said Jennifer Tran, a PIDC spokeswoman.
AEIP Fund I Project Investment Strategies Include:
The Alternative Energy Infrastructure Projects Fund I, LP (AEIP Fund I), invests in renewable and alternative energy Projects that are sited at, or developed for, Commercial & Industrial client sites in the US, all with long term customer revenue contracts. The portfolio consists of a mixture of commercially proven energy technologies including Solar PV, Natural gas distributed generation (turbines and fuel cells), and Battery Energy Storage Systems (BESS). The Fund’s objective is to own and manage a portfolio of energy projects that in aggregate deliver a long term, predictable, tax efficient cash flow stream to its Investors. The Fund is managed by Alternative Energy Development Group (AEDG), a developer, owner and operator of Solar PV, Natural Gas DG, and Battery Energy Storage Projects whose Principals have a combined 85 years of experience providing clean, reliable and cost effective renewable energy solutions to US commercial enterprises and public sector entities, with > 1 Billion kWh’s contracted in operational energy projects to date. SEAFORD, Del. – Allen Harim presented five students with the first-ever Allen Harim Legacy Scholarship, which provides a $2,500 financial award for college. The Allen Harim Legacy Scholarship was created last month when the company announced they would be using savings from a newly installed solar project to create the program.
The 1.57 megawatt, multi-million dollar solar project features 4,992 solar panels in a six-acre field, and is projected to generate 2.3 million kWh of power each year, while reducing carbon dioxide emissions by 1,616 metric tons every year. “This is another exciting environmental project for our company here in Harbeson and we are grateful to all our partners for making it happen,” said Joe Moran, president and CEO of Allen Harim, during the company’s ribbon cutting on May 15. The energy produced by the solar panels will supply about 11 to 12 percent of the energy used at the Harbeson facility, he said. Allen Harim will purchase 100 percent of the power produced from the solar panels under a 20-year power purchase agreement. The project was developed by Alternative Energy Development Group, Berwyn, Pennsylvainia, and is owned and operated by Onyx Renewable Partners. During the ribbon cutting ceremony, Chris Fraga, founder and CEO of Alternative Energy Development Group, presented a check for $10,000 through the company’s Watts for Wishes charitable giving program to establish the Allen Harim Legacy Scholarship fund. Allen Harim will provide a $10,000 matching gift, and set up an endowed fund through the Community Foundation of the Eastern Shore. The Allen Harim Legacy Scholarship will provide $2,500 scholarships for children of employees and growers to attend college or trade schools. The company plans to use the savings from the solar project to grow the endowed fund to provide up to five scholarships a year. “We are pleased with this year’s award recipients, and look forward to creating a legacy that will pay dividends for the families of our employees and growers for generations to come,” said President and CEO Joe Moran. “One of our recipients will be the first family member to attend college and obtain a four-year degree. We look forward to helping make dreams come true.” This year’s winners include:
A major solar project is now up and running in Sussex County.
A six-acre field of solar panels is now energized and providing power to Allen Harim's poultry processing plant in Harbeson, officials announced Monday. The company also pledged to use some of the savings realized from the renewable energy project to create an endowed scholarship fund for the children of employees and growers to give them an opportunity to attend college. According to the company, the 1.57MW, multi-million dollar solar project features 4,992 solar panels, and is projected to generate 2.3 million kWh of power each year, while reducing carbon dioxide emissions by 1,616 metric tons every year. The project was developed by Alternative Energy Development Group and is owned and operated by Onyx Renewable Partners. Allen Harim has agreed to purchase 100% of the power produced from the project under a 20-year power purchase agreement, and the system is live and interconnected to the Delmarva Power grid. "This is another exciting environmental project for our company here in Harbeson and we are grateful to all our partners for making it happen," said Joe Moran, President and CEO of Allen Harim. Moran says the energy produced by the solar panels will supply about 11 to 12 percent of the energy used at the Harbeson facility. "Some people seem to think we have to choose between having a cleaner, stronger environment and having a robust economy. I disagree. It is possible to pursue policies that protect our environment and public health, while creating jobs and growing our economy," said U.S. Sen. Tom Carper, ranking member on the Senate Environment and Public Works Committee. "By pursuing clean and green energy, businesses like Allen Harim can reduce energy costs and be more competitive. I'm also so very pleased that Allen Harim will reinvest in its employees by using some of the savings toward college scholarships. That's a true commitment to our local community." At a ribbon cutting on Monday, Chris Fraga, Founder and CEO of Alternative Energy Development Group, presented a check for $10,000 through the company's Watts for Wishes charitable giving program to establish the Allen Harim Legacy Scholarship fund. Allen Harim will provide a $10,000 matching gift, and set up an endowed fund through the Community Foundation of the Eastern Shore. Officials from APPI Energy, a commercial energy consulting group, also donated $1,500 toward the establishment of the fund. The Allen Harim Legacy Scholarship will provide $2,500 scholarships for children of employees and growers to attend college or trade schools. The company plans to use the savings from the solar project to grow the endowed fund to provide up to five scholarships a year. The deadline for application this year will be June 2, 2017. |
Categories
All
Archives
October 2018
|
RSS Feed
Location |
|