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SunPower (SPWRA) To Build 1.2 MW Solar Power System For Certified Steel In NJ
Sunpower just announced that it will work with Certified Steel and Nexus Properties to build a 1.2 MW solar PV system. The system will power Certified Steel’s plant in New Jersey. The installation will use SunPower’s monocrystalline-silicon panels and will supply almost all the energy the plant needs. The project is being financed through the Public Service Enterprise’s (PSE&G) solar loan program, according to PVTech.org.
"The solar loan program has provided a level of economic certainty that does not otherwise exist in the marketplace," said Andrea Sussman, managing member of Nexus Properties, which is the developer for the project. "Moving forward, we envision similar programs that foster private investment in solar power projects and help the state of New Jersey reach its renewable energy goals."
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