The World's #1 Renewable Energy Network for News, Information, and Companies.

Certified Steel & Nexus Properties To Build 1.2-MW PV System

Certified Steel, Nexus Properties and SunPower Corporation have reached agreement to build a 1.2-megawatt (MW) solar power system at the Certified Steel Company facility in Hamilton, New Jersey. The system, which is expected to be complete in July, will be the largest installation financed by PSE&G's solar loan program to date.

SunPower said that the system is expected to generate the equivalent of nearly 100 percent of the power required by the 330,000-square-foot full line steel service center. Approved by New Jersey's Board of Public Utilities in April 2008, the two-year pilot solar loan program allows PSE&G, the regional utility provider, to offer a loan to interested parties installing solar panels at their facilities.

The loans can finance up to 60 percent of the cost of solar-panel installation. Under the agreement, Certified Steel will repay its loan with the renewable energy credits (SRECs) generated by the system.

"We are proud to take a leadership role in sustainable development, and have enjoyed the cooperation of the BPU and PSE&G," said Andrea Sussman, managing member of Nexus Properties, the developer for the project. "The Solar Loan Program has provided a level of economic certainty that does not otherwise exist in the marketplace. Moving forward, we envision similar programs that foster private investment in solar power projects and help the state of New Jersey reach its renewable energy goals."

RELATED ARTICLES

Panasonic Japan solar module manufacturing

Panasonic Ramps Up Japanese Solar Manufacturing to Meet Domestic Rooftop Demand

Junko Movellan, Correspondent Panasonic Corp, a Japanese electronics company, announced that it will expand its domestic solar cell and module production to meet the rooftop solar demand in Japan. The company will invest a total of 9.5 billion yen (US$7...

Renewable Energy Is Beginning To Power Africa

Andrew Burger, Contributor According to the International Energy Agency, sub-Saharan Africa will require more than $300 billion in investment to achieve universal electricity access by 2030. Committing more than $7 billion in U.S. government support ...

Renewable Power Can Now Flow All Over Europe

Rachel Morison and Weixin Zha After almost two years of delays, Germany, France and their neighbors in central-western Europe connected their electricity markets on Wednesday under a system that lets prices dictate where power flows between countries. F...

Yingli Seeks to Reassure Investors After Stock Plunge

Louise Downing and Justin Doom Yingli Green Energy Holding Co., the second-largest panel maker said it’s confident it can keep making repayments on its debt and that it is taking steps to mitigate risks to its business. It blamed media reports ...

CURRENT MAGAZINE ISSUE

Volume 18, Issue 3
1505REW_C11

STAY CONNECTED

To register for our free
e-Newsletters, subscribe today:

SOCIAL ACTIVITY

Tweet the Editors! @megcichon @jennrunyon

FEATURED PARTNERS



EVENTS

EU PVSEC 2015 (European PV Solar Energy Conference and Exhibition)

The EU PVSEC is the largest international Conference for Photovoltaic re...

Energy Security: Opportunity Power with the Sunny Boy Secure Power ...

Wouldn’t it be great to have a grid-tied inverter that could still...

SMA More Power, More Profit Tour - Duluth

SMA’s More Power, More Profit Tour is aimed to provide highly-valu...

COMPANY BLOGS

EU PVSEC 2014 extends its Scope

Added focus on application and policy topicsAbstracts for conference con...

Teun Bokhoven, President of the Dutch Renewable Energy Federation, ...

Munich, 08 April 2014 – The 29th European Photovoltaic Solar Energ...

EU PVSEC 2014: Call for Papers Receives Great Response

More than 1,500 contributions apply for presentation in AmsterdamScienti...

NEWSLETTERS

Renewable Energy: Subscribe Now

Solar Energy: Subscribe Now

Wind Energy: Subscribe Now

Geothermal Energy: Subscribe Now

Bioenergy: Subscribe Now  

 

FEATURED PARTNERS