• ACE, JCP&L and RECO Seeking Proposals for Solar Renewable Energy Projects

    Apr 20, 2015

    MAYS LANDING, N.J. — As part of the ongoing efforts to support solar energy in New Jersey, Atlantic City Electric (ACE), Jersey Central Power & Light (JCP&L) and Rockland Electric Company (RECO) are seeking proposals for projects that will produce Solar Renewable Energy Certificates (SRECs).

    One SREC represents the solar renewable energy attributes of 1 megawatt-hour of generation from a solar generating facility that has been certified by the New Jersey Board of Public Utilities (BPU) Office of Clean Energy. The utilities will secure SRECs produced by the new projects using 10-year purchase agreements. 

    Throughout the three-year SREC acquisition program, the companies are seeking to obtain nearly 80 megawatts (MW) of SRECs – 23 MW for ACE; 52 MW for JCP&L; and 4.5 MW for RECO. Eligible projects include net metered projects up to 2 MW in size, and grid supply projects certified as being located on properly closed landfills, brownfields or areas of historic fill.

    This is the second phase of an SREC-based financing program designed to support solar energy in New Jersey through the purchase of SRECs. The previous program featured the completion of 316 new projects accounting for more than 56 MW of solar capacity. 

    The solicitation manager for the SREC program is Navigant. For additional information about the SREC proposal process, visit www.njsolarprogram.com.

     For more information about Atlantic City Electric, visit www.atlanticcityelectric.com. Follow us on Facebook at www.facebook.com/atlanticcityelectric and on Twitter at www.twitter.com/acelecconnect. Our mobile app is available at www.atlanticcityelectric.com/mobileapp