Conectiv Energy says it intends to enter an agreement with the Vineland Municipal Electric Utility (VMEU) and the Landis Sewerage Authority (LSA) to create a public-private partnership focused on developing a green energy project in New Jersey.
The initial project is a design-build 4 MW photovoltaic solar power generating facility. The facility will be located in the city of Vineland, N.J., and will utilize industrially zoned property on 28 acres of LSA property that is currently unused.
VMEU will take all the power from the facility through a long-term power purchase agreement (PPA). The terms of the PPA will guarantee a savings over power market costs for the customers of VMEU for all energy produced by the solar facility.
The solar energy facility, named Vineland Solar One, will be one of the largest in New Jersey, Conectiv Energy notes. The plant is expected to start producing energy by the end of 2009.
SOURCE: Conectiv Energy
