Project will generate clean, affordable energy for 5,000 homes, spur economic development and decrease regional carbon emissions
Ludlow, VT – The Town of Ludlow Selectboard voted on Monday night to support a 20-megawatt solar project proposed by Ranger Solar. The vote was unanimous.
The Project, named Coolidge Solar I, will be located on approximately 88.5 acres of an undeveloped parcel of land located off of Barker Road in Ludlow. The site is adjacent to the existing Vermont Electric Power Company Coolidge electrical substation. The project will not require the construction of any new transmission lines or upgrades.
Ludlow Selectboard Chairman Howard Barton said the area next to the current substation is a good location for a solar farm and will generate renewable power at prices far cheaper than existing renewable energy facilities in state, which helps save people money on their power bills.
The agreement will result in $1.25 million dollars in direct benefits to the community to support a wide range of town sponsored projects like new elementary school bleachers and the town’s enterprise fund.
“Ludlow has an opportunity to make another meaningful and valuable contribution to the clean energy economy by supporting a project that produces power at economically competitive rates,” said Barton. “The local landowners support it and it’s good for our community, good for the state’s economy and good for the environment – that’s why we’re supporting it.”
A recent analysis by Synapse Energy Economics, Inc. shows the Ludlow project would generate approximately 33,000-megawatt hours (MWh) of clean electricity, enough to power over 5,000 Vermont homes. The project would also create an estimated 245 job-years, more than $15 million in labor income and add more than
$25 million to the state’s GDP over its first 20 years of operation.
“We believe in working closely with community leaders to be real partners in sustainable economic growth and socially responsible investment,” said Adam Cohen, president of Ranger Solar. “We want to be long-term members of the community and of the state’s economy. That’s why we work very hard to make our projects the best sited in the state. We are grateful for Ludlow’s support.“
Ranger Solar submitted a petition to the Vermont Public Service Board for a Certificate of Public Good to construct the 20-megawatt, clean energy solar project on December 14th, 2015.
ABOUT RANGER SOLAR
Ranger Solar is a New England based solar energy company. Led by an experienced renewable energy team and veteran environmental specialists, the company is committed to working closely with landowners and communities to bring new investment and clean energy to the region.
ABOUT SOLAR ENERGY
Solar provides an unlimited and free source of fuel making it a secure long-term component of our nation’s energy mix. The sun provides a predictable energy supply without the price volatility associated with fossil fuels. In fact solar is Vermont’s most abundant fuel source–that’s why solar is one of the fastest growing energy sectors in the northeast. The New England region has sufficient solar energy available to power more than 4 million American homes. The cost of solar energy has dropped about 76 percent since 2006.