Work has begun on one of the largest floating solar arrays in the nation, in the Borough of Sayreville, N.J. Partner firms that will execute the project’s design and implementation include: Power Grid Capital LLC (project developer), Monticello Energy Finance LLC (project financing) and RETTEW (Engineer and Designer).
The $12 million project will result in the production of more than 4 million kWh of renewable energy annually for the Bordentown Avenue Water Treatment Plant. Following design completion, construction is expected to begin in mid-2016 and be completed before the end of the year.
The purpose of the project is to produce all of the energy needed to operate the water treatment plant on an annual basis, significantly reducing energy costs and creating a “net zero” facility that does not rely on public utilities.
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While the solar array will advance the use of renewable energy in the region and lessen the impact on the environment, this project has a further positive effect within the community. Middlesex Regional Educational Service Commission and Middlesex County Vocational and Technical Schools will work with project managers to engage their students in learning technical skills, gaining both training and financial opportunity.
“We’re not just corporations completing a technical job,” says Jason Wert, senior technical engineer with RETTEW. “We’re in this to help local communities with energy sustainability and make a difference in the lives of families, whether that’s through more efficient energy use or training that will benefit their children years into the future.”
Power Grid Capital, LLC is a project developer specializing in the construction of renewable energy projects, including solar arrays and the conversion of biogas from wastewater treatment facilities to vehicle fuel. The company’s principals began their work more than four decades ago in New York, and have a long history of managing the details of project development and construction.
Monticello Energy Finance, LLC is a specialty-financing firm whose members have a long history of investing in and managing impact lending projects in the renewable energy market. The company actively seeks project opportunities with RETTEW, such as solar arrays and biogas-to-vehicle fuel.
— Solar Builder magazine
[source: http://solarbuildermag.com/news/big-floating-solar-project-underway-in-new-jersey/]
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