“It’s been a great venture for the township…..” reports SolarSense PPA Client Shamong Township12/10/2013 Shamong, NJ - SolarSense Power Purchase Agreement (PPA) Client, Shamong Township of New Jersey, extols the benefits and savings realized since they installed solar arrays on select roofs of their township complex via an article placed in the Shamong Newspaper. Township Administrator, Sue Onorato, says “It’s been a great venture for the township and we’re happy with the savings we’ve seen so far.”
Following a competitively bid RFP process, Shamong selected SolarSense as their provider for a 15-year PPA and has been in live solar production since May 2012. SolarSense, the developer, financier, owner and operator of the PPA, reports lifetime solar production and savings for the Township of 112% vs. projected proforma results, which it attributes to the quality of Solar PV products utilized, engineering, design and construction services, and ongoing operations, maintenance and management of the project. SolarSense celebrates our clients’ success, satisfaction and realization of benefits as they validate our customer value proposition: “Save Money. Be Sustainable. Give Back.” Pdf version of article attached below Direct Website Link: http://sj.sunne.ws/files/2013/11/Shamong_1030.p
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AEDG Congratulates Partner Bluestone Capital Management for their receipt of the "Top Gun Award"12/1/2013 Alternative Energy Development Group (AEDG) congratulates its partner Bluestone Capital Management for their recognized success as a leading investment manager. Informa Investment Solution’s recognized Bluestone with their 3rd Quarter Top Gun Award for the firm’s Bluestone Elite Fund, a Top 5 performer in the US Equity ETF universe for its 3 year return.
Bluestone Capital Management and AEDG serve as General Partners in the P2A Clean Energy Fund, a $100MM clean energy fund providing Tax Equity, Equity and Fixed Income project financing for high quality Power Purchase Agreements in the US. The PSN Top Gun Award PSN Top Guns performance rankings are tabulated for thousands of strategies across 58 peer groups subdivided by increasingly rigorous screens. Bluestone Elite was a Top 5 performer in the US Equity ETF universe for its 3 year return. PSN, produced by Informa Investment Solutions, is one of the leading investment manager search and evaluation databases to be offered industry wide. PSN tracks more than 1,600 money management firms and over 7,000 investment products. Since 1984, firms included in PSN have been some of the major players of the investment management business. For more information regarding the Top Guns List, you may visit www.informais.com. About Bluestone Elite The Bluestone Elite strategy attempts to identify secular (long term) bullish and bearish trends in the market and to use tactical asset management to improve the risk adjusted return over a full market cycle. The strategy may utilize ETFs, equities, fixed income, mutual funds, and preferred securities for the purposes of portfolio construction. Please visit http://www.bluestonecm.com/ The AEDG team, led by members David Magagna Jr. and Jeff Nocella, and supported by Founder & CEO Chris Fraga, teamed with Dr. Testa to teach 8-weeks of summer class as part of the Julian Krinsky curriculum for business students. Specific topics included: Renewable and Alternative Energy Technologies featuring Solar PV and Bloom Energy Fuel Cell’s; Energy Development for the Commercial and Industrial market; and Energy Finance including the Power Purchase Agreement business model.
Each week a group of students engaged in a combination of lectures, field trips to visit live Solar PV and Bloom Energy Fuel Cells in operation in the Philadelphia area, and case study/presentations by the students. The camp’s domestic and international student population was able to learn and apply newfound energy knowledge to specifics of their home countries from China, Panama, Colombia and Germany among others.. “The enthusiasm, intellect, and insights generated by the students has been overwhelming” commented David Magagna Jr., AEDG’s leader of the program. ”Students are concerned about our world’s sustainability and future and appear eager to promote clean energy going forward.” Dr. Scott Testa led the Julian Krinskly Business curriculum, and invited AEDG to participate because of their subject matter expertise, innovative ideas and entrepreneurial success. “I requested AEDG to participate to bring outside of the box thinking, topics of relevance to a global student base, and their passion to create a memorable experience”, said Dr. Testa. AEDG’s charitable “give-back” program includes Community Education at the middle, high school and collegiate level. AEDG executes formal EPC Agreement with SPG Solar for 2.5MW CA solar project under development. First project in long-term go-to-market partnership.
“We have worked with many EPC’s over the years and I’m pleased to say that SPG has exceeded our expectations in terms of knowledge, service, support, teamwork and competitive pricing”, comments AEDG Founder Chris Fraga. “It is rare to find an organization that embodies the same “Customer First” attitude and spirited dedication to solving customer problems as we have at AEDG, and with that as a common DNA we look forward to a long and mutually beneficial relationship serving customers together”. SPG Solar is headquartered in Petaluma, CA and can be found at www.spgsolar.com SolarSense announces the completion of a financing, purchase and leaseback transaction for the Carver, MA Highway Solar Project with Developer SolareAmerica. The 99kW Carver, MA Highway Solar System is unique as one of America’s first Solar System deployments on Highway property, located on Rt. 44 in Carver, MA. The commissioning of the system and go-live was complete in September, and the Official Ribbon Cutting Ceremony will take place on Friday, Oct. 5th with attendees from: The Federal, State, and Local Government; Town of Carver stakeholders; Members of the Press; Developer SolareAmerica with partner Kearse Electric; and the SolarSense team. The project financing was completed utilizing proceeds from an ARRA Grant and the 1603 Treasury Grant, along with private-market capital.
SolarSense announces the completion of a financing, purchase and leaseback transaction for the Carver, MA Highway Solar Project with Developer SolareAmerica. The 99kW Carver, MA Highway Solar System is unique as one of America’s first Solar System deployments on Highway property, located on Rt. 44 in Carver, MA. The commissioning of the system and go-live was complete in September, and the Official Ribbon Cutting Ceremony will take place on Friday, Oct. 5th with attendees from: The Federal, State, and Local Government; Town of Carver stakeholders; Members of the Press; Developer SolareAmerica with partner Kearse Electric; and the SolarSense team. The project financing was completed utilizing proceeds from an ARRA Grant and the 1603 Treasury Grant, along with private-market capital.
SolarSense completes a 245kW Solar PPA contract with a NJ-based Host Customer in the PSE&G territory. EPC Firm Arosa Solar Energy Systems will provide turn-key Engineering and Construction for the project, which will feature Tier 1 Solar PV Panels and the Solar Dock racking system. Engineering and design will commence in Q2'13, with construction to begin in Q3’13.
SolarSense completes long-term debt-financing and SREC off-taker agreement for Solar system installation in NJ PPA Fleet with investment credit-grade entity. Terms of the private financing structure and agreement are undisclosed.
SolarSense announces the commissioning and go-live of (2) new Solar Power Purchase Agreement Client installations in NJ:
Marlton Assembly of God Church, Marlton, NJ: The SolarSense system will provide > 50% of the churches electricity demand under a long term PPA contract, while saving the Church > 40% vs. grid-electricity expenses. Shamong Township, Shamong, NJ: The SolarSense system will help Shamong achieve a near “net zero” electricity status from the grid, while saving the Township > 20% of grid-electricity expenses. SolarSense completes a multi-year sale agreement for '000's of NJ SRECS from its Solar PPA commercial fleet, leveraging industry-leading broker MarexSpectron.
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