Project Traits
State: Massachusetts
Congressional District: Unknown
Organization Type: Commercial
Partner Organization(s) Type: None or Unknown
Energy Sector: Clean Power,
Energy Subsector: Solar Plus Storage,
Project Start Year: Unknown
Project Launch Year: Unknown
Government Support Received: Federal Loan [Department of Energy Loan Program Office] for $289,700,000
Outcomes & Impacts
Private Investment: Unknown
Jobs Announced or Created: 3,700
People Served: Unknown
Projected Economic Impact: Unknown
Commercial solar firm Sunwealth also closed a $289.7 million loan guarantee on Thursday to help finance the buildout of commercial solar and storage systems that will form the basis of new virtual power plants in 27 states.
Systems would be deployed across commercial buildings, multi-family properties, community solar, and other sites across up to 27 states, with an estimated aggregate capacity of 168 MW of PV and 16.8 MW (33.6 MWh) of BESS. Sunwealth estimates the project will lead to the avoidance of up to 4.07 million metric tons of carbon over the project’s lifetime—helping slash harmful emissions that jeopardize public health and pollute local ecosystems.
This project is expected to create approximately 3,700 jobs, including over approximately 1,900 solar and storage installation jobs and over 1,700 operations and maintenance jobs.