Renewvia Energy Corp. and Public Service Electric and Gas Co. (PSE&G) have inaugurated a 1.26 MW solar system located at a distribution center at the Northport Industrial Center in Elizabeth, N.J.
This installation represents Renewvia Energy's largest project to date, and its completion pushes the PSE&G Solar Loan Program across the $100 million mark for solar financing in New Jersey, according to the companies.
The solar system is located on the roof of a Class A distribution center developed by Atlanta-based Industrial Developments International Inc. The grid-connected photovoltaic solar system features solar panels, manufactured by Atlanta-based Suniva, mounted on approximately 170,000 square feet of rooftop.
The $9 million project was financed in part by the PSE&G Solar Loan Program, which typically helps finance about 50% of a solar system's total cost and accepts the solar renewable energy certificates that the system generates as payment for the loan.