RMLD is happy to announce that they recently signed a new power purchase agreement with FirstLight Power, which will help them exceed the state’s 2030 decarbonization requirements while maintaining energy affordability for their 70,000+ commercial and residential customers. As part of the agreement, Reading Municipal Light Department will purchase clean energy and the associated renewable energy certificates produced by one of FirstLight’s hydroelectric facilities in Connecticut.
FirstLight Power, a leading clean provider of renewable energy and energy storage resources, today announced the extension of the company’s power purchase agreement with Reading Municipal Light Department (RMLD). Through the agreement, RMLD will purchase the full output of hydroelectric power and renewable energy credits from FirstLight’s Falls Village Generating Station in Connecticut, which averages around 41,000 Megawatt hours per year of hydroelectric power, becoming the exclusive buyer of energy generated by this asset. The agreement will advance RMLD’s strategy of exceeding the State’s noncarbon compliance requirements to obtain 50 percent of its power supply from noncarbon sources by 2030 and further position the towns of Reading, North Reading, Wilmington, and Lynnfield as leaders towards the State’s goal of decarbonization.
You can read more from the Press Release on RMLD’s page here: