Greenwood Energy purchases solar power projects

Greenwood Energy purchases 2 MW solar power projects Tangent Energy Solutions Delmarva Power & Light Delaware

Greenwood Energy completed the purchase of 2 MW worth of solar power projects in Wilmington, Del.

The “Peninsula” projects are approximately 1 MW each in size and were originally developed by Tangent Energy Solutions Inc. The projects are expected to begin commercial operation by October 2013 and will be constructed by Greenwood’s joint venture partner Greenwood Biosar.

The projects will sell the power to Delmarva Power & Light Co. under a 20-year contract.

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