Agilitas Energy, a prominent developer and operator of renewable energy and energy storage systems in the U.S., has acquired a 12.5-megawatt (MW) solar power project in North Smithfield, Rhode Island. The project, purchased from a local developer, is fully permitted and scheduled to begin construction in 2025, with commercial operations expected by the end of 2026. While financial details of the transaction have not been disclosed, the acquisition reflects Agilitas Energy’s continued commitment to expanding clean and resilient power infrastructure across the country.
Once operational, the solar facility is projected to generate around 16,000 megawatt-hours (MWh) of electricity annually. This is expected to be enough to meet the energy needs of more than 2,500 homes in Rhode Island. The project will participate in Rhode Island’s Net Metering Credit (NMC) program, which allows customers to receive credits that offset 100% of various utility charges—including supply, distribution, transmission, and transition fees—for each kilowatt-hour produced.
Importantly, because the project was initiated before the state’s eligibility deadline, it qualifies for the full 100% credit value under Rhode Island’s original net metering rules. Projects developed after the cutoff date face a statewide cap of 275 MW and receive lower-value credits, making this particular project more attractive to potential energy off-takers. The credits generated will be sold to commercial, industrial, municipal, or public sector customers in the Rhode Island Energy service area, offering these buyers long-term savings and energy price stability.
Barrett Bilotta, CEO of Agilitas Energy, stated, “In an era where tariffs and policy shifts are reshaping the clean energy landscape, acquiring this project underscores Agilitas Energy’s commitment to navigating these challenges head-on and strengthening energy infrastructure in whatever way we can. By integrating this project into our portfolio, we not only reinforce our commitment to establishing resilient energy infrastructure but also contribute to local grid reliability and economic growth. This move exemplifies our ability to adapt and lead in a dynamic industry landscape.”
In addition to revenues from net metering credits, the project will also produce New England Power Pool (NEPOOL) Class I Renewable Energy Certificates (RECs). These certificates contribute to meeting state and regional Renewable Portfolio Standards and serve as another important revenue source for Agilitas Energy. The acquisition plays a role in advancing Rhode Island’s goal of achieving 100% renewable electricity by 2033.
As a fully integrated Independent Power Producer (IPP), Agilitas Energy not only develops but also owns and operates its projects, allowing for more efficient deployment and cost management. The company’s past successes—such as delivering Rhode Island’s first utility-scale battery storage project in Pascoag—highlight its ability to navigate regulatory complexities and implement clean energy solutions quickly and effectively.
