New Jerseys Board of Public Utilities is set to vote on an ambitious $446 million plan to fund the expansion of PV power production.
The vote, expected on Wednesday, looks likely to approve a plan by state utility Public Service Electric & Gas Co. (PSE&G) that would provide $247 million to extend its Solar4All program, which aims to develop PV installations on unused landfills and abandoned industrial sites, through 2016. The Solar4All project comprises 42 MW of solar installations on landfills and former industrial sites as well as a further 3 MW of smaller projects.
In addition, PSE&G would be allowed to spend $199 million to continue a loan program to support 97.5 MW of solar projects through 2017.
If approved, the plan is likely to go into effect immediately.
With 415 MW of annual installed PV capacity, New Jersey ranked third last year among the top three solar producing states behind California and Arizona. New Jersey currently boasts more than 20,000 installed solar projects throughout the state.
Popular content
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
Share
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.