NJ Future Forum 2012 Energizing Redevelopment Matos
-
Upload
new-jersey-future -
Category
News & Politics
-
view
295 -
download
0
Transcript of NJ Future Forum 2012 Energizing Redevelopment Matos
1We turn expertise into results.
Financial ManagersLearning Forum
NJF Redevelopment ForumAl Matos
Vice President - Renewables and Energy Solutions, PSE&G
March 9, 2012
PSE&G Kearny Landfill Solar Farm
2
Solar 4 All™ Approved by NJBPU in 2009
80MW program : Segment 1: on roofs and land Segment 2: on utility poles
3
PSE&G Solar Projects Create Good Jobs for NJ
~ 1200 jobs through Solar 4 All and Solar Loan programs to date
~About 800 more by the time both programs are complete
4
Solar 4 All Third Party Sites Solar 4 All leases help third parties unlock
the value in unused land and roofs Several projects in service: Matrix
Development Group; Rider University; Newark Public Schools
5
Turning Landfills and Brownfields Green
One landfill and three brownfield solar farms in service = 9.5MW will power ~1500 average size homes
Additional brownfield site in development in Hackensack
Trenton, NJ
Linden, NJ
Edison, NJ
NJMC 1A Landfill Kearny, NJ
6
How Solar 4 All Could Help Municipalities
PSE&G plans to seek authorization from the New Jersey Board of Public Utilities (BPU) for an extension to our existing Solar 4 All program
The extension will have several new parts including a 65 MW segment focused on municipal, county and state government entities (including authorities such as Improvement Authorities.
Benefit to the Municipality/Government Entity PSE&G will make lease payments to the municipality/government entity for 20
years based on market rates. Each of these solar projects will be “grid connected” in that electricity
generated by each solar project will flow directly to the power grid. This eliminates the constraint on a projects size that can occur with a “net-
metered” project. By entering into a solar lease agreement with PSE&G, municipalities and other
government entities can provide another revenue stream to help tight budgets.
Trenton, NJ
7
Success Story: Saint Peter’s Healthcare System
Saint Peter’s 2.1MW combined solar system is largest at a NJ hospital
Project is financed in part by the PSE&G Solar Loan Program
Saint Peter’s also participated in our Hospital Efficiency Program.
Total PSE&G investment through solar and EE programs was ~ $10MM
Saint Peter’s will save $1MM/year in energy costs x next 25 years