enXco Announces Power Purchase Agreement for a 900kW Solar Project

Escondido, USA - enXco, an EDF Energies Nouvelles Company, has been contracted to develop, construct, own and operate a first phase 900kW solar photovoltaic array in an agreement with Recycling Technology Development LLC, owner of the site operated by its sister company Bayshore Recycling in Keasbey, New Jersey.

Under the agreement, enXco will own and operate the system and supply the project's output to an affiliate of Bayshore Recycling under a Power Purchase Agreement on a net-metering basis. enXco is scheduled to begin construction in August and expects the project will produce energy in December 2008. The roof mounted fixed tilt solar array will consist of approximately 12,500 First Solar modules deployed from EDF EN's global supply agreement with First Solar. The project will qualify for New Jersey Renewable Energy Certificates which are essential to the economics of the project. Clean Energy Holdings and Infinite Energy will co-develop the project.

Valerie Montecalvo, President of Bayshore Recycling, stated "Bayshore's goal is to lead the state in several areas of renewable energy

Source: IWR Online, 29 Jul 2008