Bristol, RI and Bedminster, NJ: NuGen Capital Management LLC and KDC Solar LLC have formed a joint venture to develop, construct, own and operate commercial scale (1 to 10 megawatts) behind-the-meter photovoltaic (PV) solar electricity generating systems in New Jersey.
The joint venture's first project will be installed at White Rose Inc.'s distribution warehouse in Carteret, NJ. The 5 megawatt system, to be installed by Solar Power Inc., is expected to provide a significant portion of the electricity used by White Rose at this warehouse and is one of the largest rooftop commercial solar systems announced in New Jersey to date.
Solar Power Inc. brings significant PV solar engineering, design and construction experience to the project.
"The food distribution business is very competitive, and the installation of this system will provide us significant economic benefits, helping us remain competitive and retain jobs in New Jersey," says John Annetta, senior vice president, operations, at White Rose, a division of AWI, located in Robesonia, PA.
"We also feel we are doing our part to help the environment by replacing about 6 million kilowatt-hours per year of grid based energy with clean renewable energy generated on the roof of our warehouse."
NuGen and KTR have closely worked together to provide a cost-saving solution to its customer, create value for the landlord and improve the environment," says David Milner, founder and CEO of NuGen. "In New Jersey, we are very pleased to form a joint venture with KDC Solar given its team of seasoned energy professionals.
"KDC Solar is extremely well respected and focused on one of the most exciting markets for solar systems in the U.S. The White Rose project is a significant accomplishment and a model that we expect to replicate elsewhere."
KDC Solar's CEO, Hal Kamine, says "We are excited about the opportunity to team with NuGen and bring additional economic and environmental benefits to the New Jersey market. Policymakers in New Jersey should be applauded for creating an environment where market forces have been harnessed to bring about significant investment in behind-the-meter solar electric systems."
Solar Power has installed numerous systems on the West Coast, including the rooftop system at the Staples Center in Los Angeles.
"We are delighted to bring the experience we have gained in the California market to New Jersey. The White Rose system will displace 4,716 metric tons of CO2 from the environment annually," says Bradley Ferrell, executive vice president of strategic sales for Solar Power.