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M&AClosedMay 8, 2026

New Jersey commercial rooftop solar portfolio - 6.44 MW DC across two operating systems (incl. 145 Talmadge Road, Edison, NJ) in PSE&G territory; ~7M kWh annual output

Operating rooftop assets originally financed under PSE&G's Solar Loan Program with American-made SolarWorld modules and SMA Sunny Central inverters. NJ SREC eligibility ends 2027, after which the projects transition to PJM Class I RECs. Adds to Aspen Power's distributed-solar book of 160+ assets across 19 states - part of the firm's strategy of acquiring legacy DG systems and providing experienced asset management as original developers exit.

Deal Value

6.44MW

Capacity

Solar

Technology

NJ

Location

Deal Details

Deal Type
Project M&A
Seller / Sponsor
The Avidan Group
Buyer / Financier
Aspen Power
Stage
Operating
ISO/RTO
PJM

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