enXco Signs PPA for Solar Project

enXco has been contracted to develop, construct, own and operate a 1.8-megawatt (MW) solar photovoltaic (PV) array in an agreement with Hall’s Corporation. enXco will own and operate the system and supply the project’s output to Hall’s Warehouse Corporation under a Power Purchase Agreement (PPA) on a net-metering basis.

enXco expects construction on the facility to begin shortly and commercial operations are expected in early November 2008. The roof-mounted fixed-tilt solar array, to be built on Hall’s Warehouses in New Jersey, will consist of approximately 25,000 First Solar modules deployed from EDF Energies Nouvelles’ global supply agreement with First Solar. enXco is a subsidiary of EDF Energies Nouvelles.

The installation is estimated to save Hall’s Corp. US $1 million in energy costs over the life of the project and will qualify for New Jersey Renewable Energy Credits, which are essential to the economics of the project according to enXco. Atlantic Solar Assets co-developed the project and Vanguard Energy Partners LLC will be the project installer.

“I am extremely pleased with the results of our first two solar installations consisting of 1.4 MW and therefore have decided to continue to further reduce our carbon footprint with the new 1.8-MW installation,” said William Jayne III, co-owner of Hall’s Corp.

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