As per the agreement, Green Mountain will provide 40 acres of land for the solar power facility.
Clean Energy Pathways will be the lead developer, engaging ESA Renewables as co-developer to provide a turnkey solution to have the project operational within four to six weeks of breaking ground.
Clean Energy Pathways will own the plant, which is expected to generate approximately $5.7m in revenue for the company within the first year.
Clean Energy Pathways CEO Michael Parsons said that this first solar power development is the beginning of a pipeline of such projects the company has planned for 2011.
