enXco has signed a power purchase agreement (PPA) with the Stevens Institute of Technology and an EPC agreement with RGD Energies – the financing arm of 3rd Rock Systems and Technologies – to construct a 487 kW solar photovoltaic system in Hoboken, N.J.
The project, developed by 3rd Rock Systems and Technologies, will consist of roof-, carport- and ground-mounted fixed-tilt solar arrays. enXco will own and operate the system, as well as provide financing under a multi-year PPA with the Stevens Institute of Technology on a net-metering basis. enXco anticipates construction to begin this month.
SOURCE: enXco
