Renewable energy developer Keystone Power Holdings LLC has completed a solar energy project for the Penns Grove Sewerage Authority (PGSA), a wastewater treatment provider in Penns Grove, N.J.
Owned, developed and financed by Keystone, the project is located on land that is on and adjacent to PGSA’s wastewater treatment plant near the Delaware River. Annual production is anticipated to be approximately 250,000 kWh of energy.
PGSA is buying the power that is generated by Keystone at a discount to current utility rates.
“It was a pleasure to work with Penns Grove Sewerage Authority on this challenging project. We were able to find good space to go solar in a built-up area with little available land in a flood plain,” says Anthony Fotopoulos, co-founder of Keystone. “We continue to deepen our experience in developing solar projects on complex sites and look forward to building partnerships for similar projects across the mid-Atlantic and in Illinois, our newest market.“
“Keystone Power Holdings was a great partner in this project,” adds Paul Morris, chairman of PGSA. “Keystone worked with many complex dynamics, delivering a project that enables us to save money while lessening our impact on the environment. We now enjoy energy savings of over 30 percent – a solid contribution to the sewerage authority and our constituents.”
In addition, Keystone is able to monetize tax credits for owning the system and selling power to PGSA. The system is also subsidized by New Jersey’s solar renewable energy credit (SREC) program. SRECs exist in other states, including Illinois, where Keystone is partnering with several other municipalities and sewerage authorities that are planning solar energy projects this year.