[CPEO-BIF] Massive New Jersey brightfields investment

[Lenny Siegel <lsiegel@cpeo.org>]

PSE&G's $446M solar energy investment would utilize landfills, brownfields

By Alexi Friedman
Newark Star-Ledger (NJ)
April 30, 2013 

To solar energy developers, New Jersey’s thousands of acres of brownfields and hundreds of landfills represent a vast untapped resource in a state starving for open space. But because of economic, environmental and logistical hurdles, landfills and brownfields account for just a tiny fraction of the more than 20,000 solar projects  installed in New Jersey with the help of subsidy credits.

On Tuesday, Public Service Electric & Gas said it had reached a preliminary agreement with state regulators to invest up to $446 million to build solar-power projects in the Garden State, marking a significant expansion of the utility’s existing solar panel and loan programs.

The settlement with the staff of the Board of Public Utilities still requires full board approval; a decision is expected by May 31. The investment, which would occur over three years and be paid for by customers, is about half of what PSE&G had initially proposed.

…

For the entire article, see
http://www.nj.com/business/index.ssf/2013/04/psegs_446_million_solar_projec.html

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Lenny Siegel
Executive Director, Center for Public Environmental Oversight
a project of the Pacific Studies Center
278-A Hope Street
Mountain View, CA 94041
Voice: 650-961-8918 or 650-969-1545
Fax: 650-961-8918
LSiegel@cpeo.org
http://www.cpeo.org




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