Rhode Island-based Green Development has entered into a a large-scale net metering credit agreement with the Rhode Island Convention Center Authority, under which. RICCA will purchase, at a discounted rate, the electricity credits produced by one of Green Development’s seven wind turbines located in Johnston, Rhode Island, scheduled to become operational by year’s end.
Courtesy of RICCA
“Collaborating on a net metered credit agreement with Green Development substantiates some very important initiatives for our organization,” said Convention Center Authority Board Chairman Bernie Buonanno, Jr. “We are supporting local business, participating in the green energy plan, which is important to the future of the state, while also offsetting the cost of energy at our facilities.”
Under the 25-year agreement, RICCA will purchase up to 8.3 million kWh per year of wind energy credits generated from a Green Development wind. This is enough green power to supply 1,150 Rhode Island homes. The agreement is expected to result in well over $350,000 in savings in the first year.
“Furthering our goal to provide Rhode Islanders with innovative renewable energy solutions, we are proud to partner with an iconic Rhode Island institution like the RICCA,” said Al Bucknam, CEO, Green Development.
Green Development is currently constructing seven, three-MW wind turbines in Johnston. Each turbine was procured from VENSYS, a manufacturer of gearless wind turbines.