New solar power slated for Virgin Islands

NRG Inc. acquires 4 megawatt solar facility on St. Croix.
By Daniel J. Graeber Follow @dan_graeber Contact the Author   |   July 22, 2014 at 9:22 AM
| License Photo

CARLSBAD, Calif., July 22 (UPI) -- U.S. solar developer NRG Energy Inc. said its latest acquisition will help the Virgin Islands meet its renewable energy consumption targets.

The company said it acquired a 4-megawatt solar power facility on St. Croix islands from Japanese company Toshiba for an undisclosed sum. NRG Energy said the solar facility would help the Virgin Islands meet its goal of reducing the amount of energy it gets from fossil fuels by 60 percent over the next 10 years.

Construction began on the Spanish Town Estate Solar project in April. Once completed, it would produce enough energy to meet the annual energy demands of more than 1,500 homes at its peak capacity.

Because of its southern location, the Virgin Islands get about 12 hours of sunlight per day on average for the year.

Power generated from the solar facility will be sold to the island's water and power authority under the terms of a 25-year purchase agreement, NRG said Monday.

Latest Headlines
Top Stories
Turkish oil pipeline from Iraq bombed
Microsoft offers Windows 10 upgrade for free
Chevron aims at cost reductions of $1 billion
Texas oil production up year-on-year
David Taylor takes over as CEO of Procter & Gamble