NRCO MEMBER AWARDS SOLAR CONTRACTS

Carmel, IN – The National Renewables Cooperative Organization (NRCO) announced today that one of its members, Old Dominion Electric Cooperative (ODEC) has awarded two contracts to Hecate Energy to deliver the full output of two solar projects to be located in Northampton County and Clarke County, VA.

ODEC conducted a competitive bid process during the summer administered by National Renewables Cooperative Organization (NRCO) seeking bids for solar projects ranging in size from one to 10 MW (megawatts). Hecate was chosen based on its ability to provide the most cost effective and beneficial solar PV plants to ODEC within the service territories of its member-owners.

The Northampton County project is located in A&N Electric Cooperative’s service territory, one of ODEC’s eleven member-owners. It will have the capacity to generate approximately 20 megawatts of electricity and is expected to be in service by December 2016.

The other location in Clarke County, is part of Rappahannock Electric Cooperative’s service territory, another of ODEC’s eleven member-owners. This project, also expected to be in service by December 2016 will produce 10 megawatts of electricity.

“Adding clean solar generation to our portfolio will allow us keep fulfilling our mission of maintaining a diversified mix so that we can continue to provide affordable and reliable electricity to our member cooperatives,” said Jack Reasor, ODEC’s president & CEO.
“ODEC is very excited to work with Hecate,” added Rick Beam, ODEC’s Senior Vice President for Power Supply. “These solar projects demonstrate our continued commitment to renewable energy. We have taken a steady, deliberate approach to integrating renewable resources, and it has paid off over time as we continue to build a portfolio that remains cost-effective for our member-owners.”
Hecate Energy is a leading developer, owner, and operator of solar, natural gas, wind and energy-storage solutions. “We are honored to have been selected by ODEC to fulfill their first solar power purchase agreements,” said Chris Bullinger, Hecate’s President and Chief Executive Officer. “We are looking forward to developing and operating these solar PV generation facilities for the benefit of ODEC members.”

About NRCO:
Cooperatives across the country formed the National Renewables Cooperative Organization (NRCO) to promote and facilitate the development of renewable energy resources for its members. NRCO’s main purposes are to facilitate the cost-effective, joint development of renewable resources nationwide for its cooperative owners, helping its owners meet the requirements of voluntary and mandatory Renewable Energy Standards (RES).

Membership in the NRCO is open to generation and transmission cooperatives (G&Ts) and distribution cooperatives that have the legal ability to buy power in the wholesale market. Members located in areas that may not have renewable resources can participate in projects across the United States through renewable projects originated and/or developed by NRCO. For more information, please visit www.nrco.coop.

About ODEC:
Headquartered in Glen Allen, Virginia, ODEC is a not-for-profit, member-owned, power supply cooperative. It supplies the wholesale power requirements of its 11 member electric distribution cooperatives, which provide reliable, affordable electricity to 1.4 million people in 70 counties in Maryland, Virginia and Delaware. Learn more at www.odec.com