(Read more on the industrial market.)
FALLS TWP., PA-Epuron LLC, the US subsidiary of Hamburg, Germany based-Conergy AG, has leased 16.5 acres from Waste Management Inc. with plans to build a $20-million solar power facility. The land is adjacent to Houston-based Waste Management's Grows landfill in Morrisville. Terms of the lease are undisclosed.
Chicago-based Exelon Generation Co. LLC, the parent of Philadelphia's Peco Energy, has signed an agreement to buy the facility's output for 20 years. Exelon will sell it wholesale to PJM Interconnection LLC, which is the Norristown-based regional transmission organization that coordinates the movement of wholesale electricity across 13 states.
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