For Immediate Release
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 once
again seeking proposals for projects that will produce Solar Renewable Energy
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 generation 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,
information about Atlantic City Electric, visit www.atlanticcityelectric.com. Follow us on Facebook
and on Twitter at www.twitter.com/acelecconnect. Our
mobile app is available at www.atlanticcityelectric.com/mobileapp.