As of August 1, 2008, French Development Enterprises, LLC, one of the French Family companies, in conjunction with Gloria Spire Solar [a national/international leader in solar systems] are bidding as co-developers a portion of the [50] megawatt Photovolatic [PV] Project with Long Island Power Authority [LIPA]
These projects, starting off with two different landfills will involve [4] megawatts at each site in two phases of [4] megawattas each to install PV panels on the top and sloped sides of the sites.
This LIPA project will be the largest single PV project in the United States to date. It will aslo be the first time a closed landfill is being used for renewable energy purposes as developed by French Development Enterprises. Project funding for each [4] megawatt facility estimated at $20 million will be provided by equity investors in conjunction with a twenty year power purchase agreement issued to the owner by LIPA for twenty years.
Results of the bid should be forthcoming in the next four to six weeks.
For more information please visit our website [currently under construction] for more upcoming information. www.frenchdevelopmententerprises.com
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