Construction commences for 23.5 MW solar power project at...

By Andrew Woods
Share
KDC Solar LLC, a leading developer, owner and operator of solar power facilities announced today that it has begu...

KDC Solar LLC, a leading developer, owner and operator of solar power facilities announced today that it has begun construction on a 23.5-megawatt solar photovoltaic system in Jackson, New Jersey. This system will supply Six Flags Great Adventure with clean renewable energy and virtually all its electrical load at the park. 

When completed, the project will be the largest net metered solar installation in the State of New Jersey.

The solar facility will produce approximately 30 million kilowatt hours of clean electricity in the first year. Additionally, the environmental benefits of the project will be equivalent to providing power for 2,787 homes for a year or removing approximately 108,000 cars from the road.

See more:

Debt financing for the project was provided by Seminole Financial Services through a construction and a permanent loan facility. Development capital and project equity was arranged by GoldenSet Capital Partners in its role as sub-advisor to the North Sky Capital Alliance Fund II.

Alan Epstein, President and CEO of KDC Solar said: “We are very pleased and proud to have been selected by Six Flags Great Adventure for this groundbreaking solar project.  We also want to recognize and thank our partners, GoldenSet Capital Partners and Seminole Financial Services, for providing the necessary capital to build this project.”

Bob Banks, CEO of Seminole Financial Services said: “As a company built on a relationship-first philosophy, we’re grateful for the opportunity to work alongside such highly respected organizations as KDC Solar and GoldenSet Capital. We’re honoured to have provided the financing for this monumental project.”

 

Share

Featured Articles

GRIDSERVE: Milestone Hit in UK’s Electric HGV Integration

A landmark report by Hitachi ZeroCarbon and GRIDSERVE marks significant progress in the UK's eHGV transition

Toll Group: AU$67m Heavy Electric Fleet Secures Green Future

Toll Group is setting a sustainable pace in Australian logistics with its AU$67m (US$43.8m) investment in electric heavy vehicles & charging infrastructure

Aggreko: CEOs Adjust Net Zero Strategies Amid Challenges

European CEOs modify investment timelines and strategies to align with net zero ambitions, navigating through economic and energy hurdles, Aggreko says

Schneider Electric Welcomes Olivier Blum as New CEO

Sustainability

How Extreme H is Changing Hydrogen Fuel Perceptions

Sustainability

Google Boosts Data Centre Power with Nuclear Energy

Technology & AI