The City has agreed to purchase energy from American Municipal Power’s (AMP) Solar Phase II project, adding a long-term source of reliable, environmentally sound, and reasonably priced power to Hudson’s energy portfolio.
AMP will purchase energy that will be generated from several new solar sites currently being built around the northeastern part of the country, then sell the energy to participating member communities. AMP presented the opportunity to Hudson to buy a portion of the projected energy output from the solar sites. The City will purchase up to 5820 kilowatts (Kw) annually from the project at the projected rate of $33 per megawatt hour (Mwh) for a 25 year period.
“The price will be constant and won’t change with the fluctuating market prices,” said Assistant City Manager Frank Comeriato. “Adding this project to our energy portfolio will decrease the need to buy from the market when demand for electricity is high.”
The output purchased from the project will make up approximately 5% of the City’s annual energy requirements, and will increase the renewable energy portion of Hudson’s energy portfolio from approximately 20% to 25%. For more information about where Hudson’s power comes from, click the link below.