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

By Andrew Woods
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
Share

Featured Articles

Shell commits to Europe's largest renewable hydrogen plant

The 200MW electrolyser will be constructed on the Tweede Maasvlakte in the port of Rotterdam and produce up to 60,000kg of renewable hydrogen

Shell invests in Qatar LNG North Field East project

Shell buys 25% stake in Qatar LNG North Field East expansion project which will have capacity of 32mn tonnes a year

Gas-led recession a 'near certainty' in Europe

Centre for Economics and Business Research estimates the risk of a recession in Europe this winter at approximately 40%

ABB scoops global energy automation technology award

Technology & AI

INEOS Köln awarded €770,000 for green hydrogen study

Renewable Energy

UK receives £2.7bn upfront funding to boost grid capacity

Utilities