Dive Summary:
- Public Service Electric and Gas (PSEG) is set to ask the New Jersey Board of Public Utilities to invest up to $883 million to expand the utility’s Solar 4 All and solar loan programs to develop an additional 233 MW of capacity.
- The expansion would be to a 1.06-MW solar farm in Hackensack, New Jersey and part of PSEG’s program to help the state meets its renewable energy goals.
- The new solar proposal will call for investing up to $690 million to develop another 136 MW to build more grid-connected solar projects on underused properties, warehouse roofs, and large parking lots.
From the article:
PSEG chairman, president and CEO Ralph Izzo has announced that the utility will request New Jersey Board of Public Utilities approval to invest up to $883 million to expand the utility's Solar 4 All and solar loan programs to develop an additional 233 MW of solar capacity.
The 1.06-MW PSEG Hackensack Solar Farm is part of the utility's Solar 4 All program that is helping New Jersey meet its renewable energy goals in a cost effective manner while creating jobs and helping the state's green energy sector mature. ...