New Jersey-based PSE&G is soliciting proposals from developers and third-party-owned sites for the development of 5 megawatts (MW) of roof and ground-mounted solar-power systems to be owned by PSE&G. PSE&G will provide rental income to property owners.
Solar developers, together with owners of real estate located in the utility’s electric service territory, will propose sites for solar installations. Owners will receive rent for roof-mounted, building-mounted and ground-mounted solar-power systems that are installed on their properties and connected directly to the electric grid.
PSE&G received approval from the New Jersey Board of Public Utilities on Aug. 3, 2009, to implement its Solar 4 All Program for the construction of 80 megawatts of PSE&G-owned solar generation. The company will invest approximately $515 million in the program over the next several years to help New Jersey meet its renewable-energy goals. The investment will effectively double installed solar capacity in the state.
As part of the Solar 4 All program, one of the program segments allows PSE&G to install, own and operate 10 MW of solar-power systems on any public or private third-party host site located in the utility’s electric service territory. PSE&G will own the system and its energy output and the associated environmental attributes.
PSE&G is accepting applications for solar-power systems located on third-party sites until Dec. 11, 2009.
The area to be used for the solar installations must be able to accommodate a 500-kilowatt or greater solar-power system and should be no greater than 2 MW. Typically, a 500-kilowatt system requires 50,000 square feet of unobstructed roof space.
PSE&G is seeking a fixed price for systems from the developer and will compensate the selected third-party host sites using lease payments for a term of 20 years unless a shorter term is required by law, as may be the case for municipalities.