Planet Princeton

Developer Chosen for Solar Array Project at River Road Site

solar arrayFive years after officials began looking into the feasibility of putting a solar array on the former landfill on River Road, the town is moving forward with the project.

At the Princeton Council meeting Monday night, the governing body chose a developer for the solar array. GeoPeak Energy will finance, build and operate the solar facility for 15 years.

Six companies responded to the town’s request for proposals for the project. Three proposals were rejected and one was withdrawn, a project consultant told officials on Monday night.

GeoPeak’s proposal for a 2.2-megawatt system offered the town the lowest power purchase agreement rate for a system its size. Princeton will lease the land to GeoPeak, and the Stony Brook Regional Sewerage Authority will purchase electricity produced by the solar array at a reduced rate. About $1.4 million in revenue could be realized over the term of the agreement, plus more than $500,000 in lease fees. The solar array is expected to produce about 18 percent of the sewerage authority’s energy.

Back in 2011, officials looked at the feasibility of installing solar arrays on the site of the former landfill. But the solar power market bottomed out in New Jersey because developers flooded the market with energy credits. When the market rebounded, Princeton officials revisited the issue, Council President Bernie Miller said.

Krystal Knapp

Krystal Knapp is the founding editor of Planet Princeton. She can be reached via email at editor AT planetprinceton.com. Send all letters to the editor and press releases to that email address.

  • PrettySmart1

    A map would be helpful.

Events Calendar

« August 2017 » loading...
M T W T F S S
31
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
1
2
3
Mon 21

Johnny Rockets Grand Opening Celebration at the Quaker Bridge Mall

January 1, 1970 @ 11:00 am - August 26, 2017 @ 1:00 pm
Mon 21
Mon 21

Good Grief Volunteer Facilitator Training

August 21 @ 9:30 am - 5:30 pm
Mon 21

Meet the Candidates get-together

August 21 @ 5:00 pm - 6:00 pm

Instagram

  • The book sale at the Princeton Public Library is in full swing. So crowded it's hard to move around. Sale today and tomorrow.#princeton #books

Follow Us

Events Calendar

« August 2017 » loading...
M T W T F S S
31
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
1
2
3
Mon 21

Johnny Rockets Grand Opening Celebration at the Quaker Bridge Mall

January 1, 1970 @ 11:00 am - August 26, 2017 @ 1:00 pm
Mon 21
Mon 21

Good Grief Volunteer Facilitator Training

August 21 @ 9:30 am - 5:30 pm
Mon 21

Meet the Candidates get-together

August 21 @ 5:00 pm - 6:00 pm
%d bloggers like this: