AC POWER GRANTED ANOTHER APPROVAL TO DEVELOP SOLAR ON LANDFILLS IN NEW JERSEY

On March 29, the New Jersey Board of Public Utilities granted AC Power its fourth conditional approval since December to develop a 3 MW solar project on a closed landfill in Egg Harbor Township. These four approvals are unique because they grandfather the solar projects under the existing program for solar renewable energy credits (SRECs) that expired in October 2018. These projects will generate SRECs for 15 years versus projects approved after October 2018 that will generate SRECs for 10 years. The projects were submitted to the Board of Public Utilities well before the October deadline and deemed complete, however since the projects are on landfills the review and approvals process is considerably lengthier and the Board Approval was not able to be granted before the deadline. This determination will generate significant value for all stakeholders and bring another 10 MW of renewable power to the state.