Press release published by Suntuity Network
Holmdel, NJ. 31 March 2016: Suntuity is pleased to announce that it has entered into definitive agreements to purchase and finalize the development of an existing 5 MW grid supply solar project in Mercer County, NJ.
The plant will feed power into the electrical grid with a capacity equivalent to the electricity consumption of 227 typical homes per year. The new plant will sequester carbon the equivalent of up to 1350 acres of U.S. forests each year.
The solar project has received Interconnection and WMPA approvals and is slated to receive final approvals by the end of October 2016. Project construction is slated to begin in Q1 of 2017 with an anticipated Commercial Operation by end of Q2, 2017. The solar plant will feed power into the JCP&L electrical grid with a capacity equivalent to the electricity consumption of 460 typical homes per year. Furthermore, the solar plant will sequester carbon the equivalent of up to 2700 acres of U.S. forests each year.
The project adds to Suntuity’s portfolio of projects currently under development and construction in the State of New Jersey. New Jersey continues to be the second largest producer of clean solar energy in the U.S. and this plant adds to its leadership position.
With a strong portfolio and a global solar pipeline, Suntuity develops, finances and delivers solar energy solutions in markets around the world. From roof-top and off-grid projects to utility and commercial projects, Suntuity is strategically positioned to deliver across the range of technologies that make Solar Power a viable energy alternative today. Using innovative financing solutions, in-depth technical expertise, global experience and embedded process knowledge, Suntuity delivers Best-in-Class products and solutions that continue to push the boundaries on reduced time and cost to delivery with an ever increasing benchmark in system performance. For additional information, please visit; http://www.suntuity.com
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