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140 MW Of New Solar Capacity Planned For New Jersey

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The development of 140 MW of new solar capacity in New Jersey has now moved a step closer to fruition — the Public Services and Utility Group (PSEG) recently reached agreement with the New Jersey Board of Public Utilities (BPU) with regards to PSEG’s plan to invest nearly $500 million into solar energy development within the state.The plan is to invest $247 million into the development of 42 MW of new solar energy capacity on brownfield and landfill sites, and a further 3 MW into smaller pilot projects.

This will be followed by the investment of a further $199 million into 97.5 MW of new capacity under a separate program, Solar Loan III.

The news is an especially good sign, because it was originally set to be for a five-year period and that has been cut to three.

The final decision by New Jersey BPU, which has yet to be made, is expected by the end of May.

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Zachary Shahan Photo

Zachary Shahan

Zach is the founder of Solar Love and the director of CleanTechnica, the most popular cleantech-focused website in the world, and Planetsave, a world-leading green and science news site. He has been covering green news of various sorts since 2008, and he has been especially focused on solar energy, electric vehicles, and wind energy since 2009.

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