The energyproducedwill be eligible for Solar RenewableEnergy Certificates (SRECs), which can besold to loadservingbusinesses in New Jersey tomeettheirrenewableenergy requirements.
This solar farm will primarily serve GreenCo Solutions and North Carolina Electric Membership Corporation, who will purchase renewableenergycertificates and electricity, respectively, from the project, under a 20 year agreement.
The Massachusetts Department of Energy Resources (DOER) issued regulations recently limiting ratepayer-funded subsidies known as renewableenergycertificates (RECs) to only those biomass power plants which adhere to scientific standards for climate and forest impacts.