23 Jun 2014

$40M solar energy project underway in CNMI

4:06 pm on 23 June 2014

The Northern Marianas' Commonwealth Utilities Corporation says a 40 million US dollar solar energy project is underway in the CNMI.

American Capital Energy is guaranteeing savings to the corporation of $1.5 million a year.

The company was awarded the exclusive right to negotiate a solar power purchase agreement in 2011.

ACE has so far identified 10 potential sites for the solar panels on Saipan.

Depending on the approval of the utilities corporation, the company is looking at building the project within three to four years.