(Greenwich, CT) – Altus Power Management has signed a PPA (Power Purchase Agreement) with Wire & Plastic Machinery Corporation taking advantage of the Rhode Island feed-in-tariff program through National Grid. Altus was awarded the project through a Rhode Island Distributed Generation Standards Contract in the July 2012 bidding process. The feed-in-tariff will allow Altus Power to sell power to Rhode Island National Grid at a fixed rate for 15 years. The 499 kW system is the largest system that Altus Power has financed to date and is expected to generate almost 600,000 kWh of energy annually. The energy produced by this system will provide clean energy that will be distributed throughout Rhode Island’s electricity grid. Solar Developers, KRN Solar, has been contracted to build this project.
About Altus Power Management
Altus Power Management, LLC is an Old Greenwich, CT-based company that invests in, owns and manages clean energy projects. Its principals draw on their deep expertise in finance, construction, engineering and design to provide renewable energy and solar solutions to commercial and public sector clients. Visit www.altuspower.com for more information.
About KRN Solar
KRN Solar are experts in installing commercial and residential solar power systems, with certification for private, public, government, institution, education, and industrial work. KRN has installed over 30 solar systems projects of different sizes in multiple states. Visit www.krnsolar.com for more information.
About Wire & Plastic Machinery Corporation
Wire & Plastic Machinery Corp., founded in 1981, is a global wire, cable, and optical fiber manufacturer and supplier. They also are is the world’s largest buyer and reseller of second-hand wire cable and optical fiber equipment as well as a comprehensive selection of second-hand and reconditioned machines, offering high quality solutions to companies. For more information visit, www.wireandplastic.com.