Dynamic Energy Solutions revealed last week that it has sold two ground-mounted solar-plus-storage projects in Massachusetts projects to Canadian renewables investor Amp Energy.
The former will continue to manage engineering, procurement and construction (EPC) of the plants, which will comprise 11.2MWdc of solar energy backed by 10.2MWh of storage.
The transaction was closed in December 2019, according to a Dynamic Energy Solutions release.
“We are pleased with the results of our work in Massachusetts and applaud the DOER (Massachusetts Department of Energy Resources) and other policymakers for their efforts in creating a strong market for solar development that ultimately benefits citizens as well as the environment,” said Brett Thibodeau, president of Dynamic Energy Solutions.
The project duo was developed under the Solar Massachusetts Renewable Target (SMART) programme, launched by policymakers in 2018 to drive the adoption of 1.6GW of solar-plus-storage across the state.
More than 1GW worth of projects were approved in the incentive programme's first year, according to the SEIA.
It is not the first time Amp Energy has put its confidence in Massachusetts’ bourgeoning solar-plus-storage market. In a press release about the transaction, the firm said its newly-acquired assets have increased its existing portfolio of SMART solar-plus-storage assets to 27MWdc/35MWh.
Meanwhile, Pennsylvania-based Dynamic Energy claims to have successfully developed more than 50 MWdc of SMART programme solar projects, having been awarded about 40% of the initiative’s National Grid utility territory capacity in 2018.