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Election 2026
By Talk Business & Politics staff
4 hours ago | 80 views
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New York City-based Madison Energy Infrastructure and Verogy, a West Hartford, Conn.-based distributed generation developer and construction company, have recently completed an approximately $10 million solar array for Lowell-based utility Beaver Water District.
The 7.22-megawatt DC (or 5-megawatt AC) Beaver Water District Solar Park was originated, developed, and financed by Madison Energy Infrastructure and built by Verogy. The array is operational and is expected to generate about 12,300 megawatt-hours of renewable energy annually, meeting 15% to 20% of Beaver Water District’s electricity needs. It was constructed on approximately 32 acres, adjacent to the district’s administrative center at 301 N. Primrose Road.
The array features a single-axis tracker system comprising over 15,000 solar panels, generating enough energy to power nearly 1,140 homes annually. The project is projected to offset approximately 8,264 metric tons of carbon dioxide annually, equivalent to removing nearly 2,000 passenger vehicles from the road or eliminating over 21 million miles driven by an average gasoline-powered passenger vehicle each year.
Beaver Water District estimates that the array will generate $7 million to $11 million in lifetime savings.
“This solar installation strengthens our ability to deliver safe, affordable, and reliable water to the communities we serve,” said M. Lane Crider, CEO of Beaver Water District. “It lowers long-term operating costs, supports regional growth, and reinforces our commitment to sustainability. Our customers will benefit from this investment for decades to come.”
“The best infrastructure comes from real partnerships, not one-off transactions,” said Ryan Coakley, Chief Development Officer of Madison Energy Infrastructure.