Subject: CON
Renewable Energy Developers Citrine Power and AC Power Partner with Borough of Hopatcong, NJ to Develop Solar Power Plant on Landfill
NEW YORK and WESTPORT, Conn. and HOPATCONG, N.J., Sept. 13, 2018 /PRNewswire/ -- Renewable energy developers Citrine Power, LLC and AC Power, LLC have partnered with Borough of Hopatcong, New Jersey to develop and build a solar power plant on the Borough's capped solid waste landfill. Following a public request for proposal, the Borough entered into a long-term lease agreement with ACCP NJ Solar, LLC, a joint venture co-owned by AC Power and Citrine Power, to design, permit, interconnect, and build a solar installation on its capped municipal landfill. The solar system is expected to sell its power to Jersey Central Power and Light, which serves approximately 1.1 million customers in central and northern New Jersey. The project is already under review at the New Jersey Board of Public Utilities (BPU) to receive Solar Renewable Energy Credits (SRECs) through the New Jersey Solar Act which promotes development of solar facilities on closed landfills in the state.
The solar project will be jointly developed and financed by AC Power and Citrine Power, both experienced commercial and utility scale solar developers in the Northeastern U.S. The project's expected commercial operation date is fourth quarter of 2019.
Annika Colston, President of AC Power, said, "We are excited to work with the Borough of Hopatcong to convert their landfill from a tax drain to a revenue-generating solar energy facility, contributing to the state's ambitious and laudable goal of 50% renewable energy power by 2030."
Cela Sinay-Bernie, Managing Partner of Citrine Power, commented, "We congratulate Hopatcong's leadership for their commitment to protecting the environment and in finding a sustainable solution to the development of renewable power for the financial benefit of the Borough."
"The Borough has signed a long-term agreement to lease 23 acres of borough-owned property," confirmed Mayor Michael Francis. "The landfill had been capped and out of commission for at least 30 years. Each year, it costs us about $10,000 in water testing and fees paid to the U.S. Environmental Protection Agency. We are looking forward to generating clean energy while offsetting our maintenance costs."
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