enXco Announces New Jersey Solar PPA

EDF Energies Nouvelles’ (EDFEN) U.S. subsidiary enXco plans to develop and operate a 900-kilowatt (kW) solar photovoltaic (PV) array in New Jersey. The system will be built as part of an agreement with Recycling Technology Development LLC, which owns the site. The site is operated by Recycling Technology Development’s sister company Bayshore Recycling in Keasbey, New Jersey.

Under the agreement, enXco will own and operate the system and supply the project’s output to an affiliate of Bayshore Recycling under a Power Purchase Agreement (PPA) on a net-metering basis. enXco is scheduled to begin construction in August and expects the project will produce energy in December 2008.

The roof-mounted fixed tilt solar array will consist of approximately 12,500 First Solar modules from EDFEN’s global supply agreement with First Solar.

“Bayshore’s goal is to lead the state in several areas of renewable energy — solar power should be one of the first, but we should quickly follow with other promising energy technologies,” said Valerie Montecalvo, president of Bayshore Recycling.

The project will qualify for New Jersey Renewable Energy Certificates (REC), which are essential to the economics of the project, according to enXco. There is some debate over the effectiveness of the REC market in New Jersey and whether or not it will create an unhealthy market concentration in the solar energy space in New Jersey. This story was first reported on earlier this year by RenewableEnergyWorld.com.

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