Under terms of the agreement, CBRE Solar and Jacoby Development will develop, finance, and construct the photovoltaic ground-mounted project in Washington County.
The solar power project is expected to be completed by the end of 2012.
The parties will sell all of the power to Cobb EMC through a 25-year purchase power agreement.
Smart Energy Capital managing partner Michael Grenier said solar is a great engine for economic development while providing clean, renewable, peak power for the local community.
CBRE Solar is a strategic collaboration between real estate services firm CBRE Group and solar development and finance firm Smart Energy Capital.
Smart Energy Capital is engaged in the financing and development of solar energy projects for commercial, government and utility customers.
