New Jersey utilities seek proposals for solar projects

 New Jersey utilities seek proposals for solar projects

Three New Jersey utilities are seeking to obtain nearly 80-MW of Solar Renewable Energy Certificates (SRECs). Atlantic City Electric (ACE, 23-MW), Jersey Central Power & Light (JCP&L, 52-MW) and Rockland Electric Co. (RECO, 4.5-MW) are participating in the second phase of an SREC-based financing program designed to encourage solar power in the state. The first phase comprised of 316 new projects, accounting for more than 56-MW of solar capacity.

One SREC represents one megawatt-hour of generation — produced at a solar energy facility — that has been certified by the New Jersey Board of Public Utilities (BPU) Office of Clean Energy. The utilities are expected to secure SRECs using 10-year purchase agreements.

For additional information, click here.

Subscribe to Power Engineering magazine



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...