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
- Source
- pv magazine USA
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