233 MW Solar 4 All scheme in New Jersey


Along with California, New Jersey has been one of the most prominent and active U.S. states in promoting photovoltaics. This trend has continued of late, with Republican Governor Chris Christie approving the tweaking of the solar incentive scheme and utility PSEG applying for approval for the US$883 million Solar 4 All loans scheme.

The Solar 4 All proposal, if approved, will see an additional $690 million of investment, to develop a further 136 MW of grid connected photovoltaic projects. 90 MW worth of projects would be located on landfills and brownfield sites, 20 MW on warehouse roofs, and 25 MW on large parking lots. A further one MW of projects would be for "pilot programs", such as those incorporate storage.

As a part of the proposal, SG&E would also seek to develop 97 MW of capacity through the third installment of its Solar Loan program, for homes and businesses in the utility’s territory. This would involve an investment of $193 million, dependent on the price of solar renewable energy credits (SRECs).

Last week, Governor Christie signed into law which accelerated the state’s Renewable Portfolio Standard (RPS), addressing a glut of SRECs and therefore helping to sustain photovoltaic demand in the local market. The Solar Energy Industries Association’s (SEIA) President and CEO, Rhone Resch said the political leadership has helped secure the photovoltaic industry in the state. "Thanks to the leadership of Governor Christie and our champions in the state legislature, New Jersey’s solar industry will now continue to provide jobs, investment and energy security for years to come."

Interestingly, Christie’s pro-photovoltaic stance is at odds with many in the Republican party, who have attacked the renewable energy sector and the government support of it. Christie has focused on the jobs the sector has created in the state, in defense of his ongoing support.

SEIA reports that New Jersey has 775 MW of installed photovoltaic capacity and in Q1 2012 installed 174 MW, which is the highest amount of any U.S. state for the quarter.

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.


Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

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.