Johns Hopkins Partners with Eastlight and RGS
Richmond, VA and Louisville, CO, May 7, 2012 – The Johns Hopkins University has teamed with leading solar energy development companies Eastlight Renewable Ventures (Eastlight) and RGS Energy (RGS) to self-generate solar electricity, the companies announced today. This partnership is the University’s first solar energy generation project.
Johns Hopkins University recently brought online an 818 kW solar photovoltaic (PV) system on seven buildings on three of its campuses across Baltimore. Together these systems represent one of the largest university rooftop solar arrays in the country and the largest array in Baltimore City, MD.
Eastlight developed this project and owns the systems. RGS Energy planned, engineered and installed the systems. To finance the project, Eastlight executed an innovative long-term Solar Power Purchase Agreement (SPPA) that allows the University to reduce its electricity costs without making any capital investment or assuming any responsibility for managing the system.