Con Edison Development, a wholly owned subsidiary of Consolidated Edison Inc., and Panda Power Funds have broken ground on a 20 MW solar electric generating station in Pilesgrove, N.J.
The 71,400-panel solar farm is expected to begin commercial operation next spring. Panda Power Funds and Con Edison Development signed an agreement in April to develop, construct and operate utility-scale solar projects in the Northeast. The companies serve as equal partners in the joint venture.
Panda Power Funds assumes primary responsibility for managing project-related development, engineering and construction. Con Edison Development assumes primary responsibility for managing the operation, maintenance and financing of the facilities, and marketing the energy and renewable attributes produced by the entire facility. Atlantic City Electric will be the host utility for the project.
SOURCE: Con Edison Development