BALTIMORE (AP) — Constellation Energy Group Inc. will build two solar power installations that will be subsidized by Maryland state grants.

The company said Wednesday it will build one 750-kilowatt solar-power installation Millersville, Md., and a second 500 kilowatt installation at Coppin State University in Baltimore.

The utility company said financial support for the projects comes from Maryland’s Project Sunburst initiative, which promotes the installation of large-scale solar energy systems on state buildings.

Constellation Energy will finance and own the solar power installations, but the state committed to purchasing electricity from the systems at a reduced cost from Constellation Energy over a 20-year period.

Both solar power systems are scheduled to produce electricity by this spring. The Millersville installation will be built at Anne Arundel County’s Combined Support Services Complex.

source: bloomberg