Atlantic Green Power Partners With Invenergy

Atlantic Green Power Holding Co. says its operating subsidiary, Atlantic Green Power Corp., has sold a majority interest in a Delaware limited liability project company to Invenergy Solar Development LLC, an affiliate of Invenergy LLC, for cash reimbursement of project costs, and future consideration based on the joint development of a solar project in southern New Jersey.

The project will generate up to 18 MW of power and has an advanced PJM interconnection queue position. It will be located on several parcels of land, the rights to which have been assigned by Invenergy to the project company.

The project company was one of several limited liability companies formed by Atlantic Green Power Corp. to develop solar projects in southern New Jersey.

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