Maryland Announces Major Solar Energy Agreement Expected to Save $300 Million

Maryland has approved a major 20-year solar power agreement expected to save the state hundreds of millions of dollars while expanding its use of locally generated renewable energy.

Governor Wes Moore and the Maryland Department of General Services announced the long-term Power Purchase Agreement with REV Renewables, which was approved by the Maryland Board of Public Works. The agreement is expected to provide approximately 250,000 megawatt-hours of renewable electricity each year beginning in 2028.

The electricity will come from the Jade Meadow III Solar Project in Western Maryland, a 300-megawatt solar development located primarily in Garrett County. Maryland will purchase roughly half of the project’s electricity for state energy accounts.

Financial projections indicate that the agreement could save the state between $298 million and $515 million over the 20-year contract, depending on future electricity market conditions. The annual energy purchase is equivalent to the electricity consumption of more than 20,000 homes.

The agreement will also significantly increase Maryland’s renewable energy use. Beginning in 2028, the purchased solar power is expected to provide nearly 15 percent of the state’s electricity portfolio and double the amount of renewable energy Maryland currently purchases through long-term power agreements.

Governor Moore said the agreement will help lower costs, support Maryland-generated solar energy and advance the state’s environmental goals while reducing pressure on the power grid.

The solar project will also transform a former industrial site into a clean energy facility. Located largely on a reclaimed coal mine, the development demonstrates how brownfield land can be repurposed for renewable energy production.

The new agreement builds on Maryland’s existing investments in clean energy, including long-term renewable power agreements involving solar and wind facilities. The state also operates solar installations at multiple government facilities as it continues working toward a cleaner and more sustainable energy system.