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Friday, September 5, 2014
CFC, Federated and NRCO Celebrate First Anniversary of Community Solar Program | Power Engineering
INDIANAPOLIS, IN--(Marketwired - Sep 4, 2014) - The National Rural Utilities Cooperative Finance Corporation (CFC), Federated Rural Electric Insurance Exchange (Federated) and the National Renewables Cooperative Organization (NRCO) are celebrating the first anniversary of their landmark Solar Cooperative Community Projects (sCOOP) program, which offers electric cooperatives access to cost-effective and locally-generated solar electric resources to their members. CFC marked the anniversary at its District Meeting today.
The organizations created the program in response to growing interest among electric cooperatives in deploying small-scale solar generation resources, allowing members to purchase part of the output of the solar arrays on a voluntary subscription basis.
"Over the past year we've seen a significant amount of interest in solar on the part of electric cooperatives," CFC CEO Sheldon C. Petersen said. "The collaborative efforts behind the sCOOP program have enabled those co-ops interested in solar to pursue projects in a more cost-effective way."