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.
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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.
AEDG’s partner, NetGain Energy Advisors, released an article in their summer 2012 quarterly newsletter regarding Bloom Energy’s expansion to the East Coast. “On April 20, 2012 Bloom Energy broke ground on their new manufacturing center in Newark, DE (previously a Chrysler assembly plant). With this plant they hope to double the production capacity. Bloom maximizes electrical efficiency to over 60%, which is the highest currently commercially available. This innovative approach is helping Fortune 500 companies reduce their bills and create manufacturing jobs in the United States.”
www.netgainenergyadvisors.com 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 selected for Main Line Times “Green Awards 2012” as Honorable Mention: SolarSense is proud to share this spotlight with industry partners and friends John Scorsone, CEO of SolareAmerica, and Bob Kearse, President Kearse Electric, as well as leading Property Trust Companies Brandywine Realty Trust and Liberty Property Trust.
www.mainlinetoday.com SolarSense completes a multi-year sale agreement for '000's of NJ SRECS from its Solar PPA commercial fleet, leveraging industry-leading broker MarexSpectron.
SolarSense enters contractual agreements with three (3) independent Commercial Solar Developers to provide "Pure Green Advisory Services" for projects in the PA, MA, NJ and NY marketplace. The developers contracted with SolarSense on a fee-for-service basis to collaborate on project financing alternatives, sourcing and vetting projects with capital for financing and/or PPA buyouts, SREC monetization alternatives, and other related matters.
Jeff Nocella, SolarSense Dir. of Commercial Operations, teaches three "Solar 101" classes to the students of Hill Top Preparatory School in Rosemont, PA. Outreach, education and awareness on renewable and alternative energy is part of SolarSense' mission to serve the communities where they live, work and play.
www.hilltopprep.org SolarSense announces the construction, commissioning and live operational status of 381 kW of Solar PV production in its' behind-the-meter commercial solar fleet. The projects, completed with EPC firms Solular, Eclipse Solar, and Kearse Electric, weathered the unprecedented earthquake, hurricane and rain which hit NJ in 2011 without a hitch. Actual performance results for the fleet in its first year of production were 107.6% (comparing actual kwh production vs. forecasted PV Watts production).SolarSense attributes this performance success to the combination of: Highly competent EPC firms; Best in class designs; Industry-leading Tier 1 products including MOTECH, SunPower and MAGE Solar PV Panels, and SMA and Enphase Inverters; And proactive performance monitoring and O&M on the fleet.
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