Lincoln Renewable Energy dedicated its 12.5 MW NJ Oak solar project in New Jersey. The project uses 53,000 solar panels built on a 100-acre site.
LRE also announced it has formed a 50-50 joint venture with Samsung C&T Corp. called Monument Power LLC to advance its business plan in U.S. renewable energy. The company is currently developing multiple utility-scale solar PV projects ranging from 10 to 50 MW in California, Nevada, Colorado, Virginia and New Jersey.
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