AG: Soltas agrees to pay $330,000 over solar allegations
New York-based Soltas Energy Corp. has agreed to pay $330,000 over allegations it caused two Massachusetts towns and two nonprofit organizations to lose thousands of dollars in energy savings when it failed to honor agreements to sell them net metering credits, Attorney General Maura Healey said Thursday.
Soltas, a solar energy developer, is based in New York City and has regional headquarters in Lawrence.
The attorney general’s office said Soltas’ actions resulted in lost energy savings for the towns of Petersham and Warwick, as well as the Athol YMCA, and Athol Memorial Hospital.
Soltas offers power purchase agreements (PPAs) from energy in generates at its Athol solar facility, Adams Farm.
Efforts to reach officials with Soltas Friday morning were unsuccessful.
Under the terms of the settlement, the AG’s office said, Soltas will pay $330,000, including damages and restitution as follows: $175,000 to the hospital, $38,000 to the YMCA, $40,000 to Petersham, $22,000 to Warwick, and $55,000 to the commonwealth.
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