This is exciting news for N.J. because it's further proof that industry CAN benefit from solar powered electricity systems.  Something more corporations should be acting upon.  This is a win-win for Hall's, DT Solar and residents of N.J.

DT Solar, a Turner Renewable Energy company, and Hall's Warehouse Corporation, a family-owned refrigerated and frozen food storage and distribution company, recently announced an agreement to build a 2 MW solar electric power system to supply electricity to their facility in South Plainfield, New Jersey. When completed, this project will be the largest rooftop solar electric system serving a private company in the United States.

Hall's frozen and refrigerated warehouses are located in the Northeast and Mid-Atlantic states.  The solar array will consist of approximately 13,500 solar modules, will produce nearly 3 million kWh of clean energy and will eliminate more than 2 million pounds of CO2 emissions annually.

The deal makes incredible sense for Hall's: Hall's will make no up-front investment in the solar project. Instead, Hall's will purchase all of the electricity produced by the system under a long-term agreement at rates below what they would pay the local utility for electricity.

The solar power system will be installed as part of the New Jersey Board of Public Utilities' "SREC-Only Pilot Program", a new market-based incentive program introduced by the BPU to replace the up-front cash rebates offered in recent years as a means of meeting the state's legislatively mandated solar power development goals. The "SREC-Only Pilot Program" enables the financing for the project by creating a market for trading Solar Renewable Energy Certificates (SRECs) in the state and providing a level of assurance on the value of SRECs over an eight-year timeframe.

DT Solar will design, build and operate the system, and work with an investment partner to finance the cost of the installation. Revenue from electricity sales to Hall's, and the sale of Solar Renewable Energy Certificates (SRECs) to New Jersey electric utilities, will pay for the investment over time.

DT Solar develops and delivers clean, reliable and cost-effective solar electric power systems for commercial, industrial, government and utility clients. Turner Renewable Energy has developed many of the largest and technically demanding solar power systems in North America. Visit www.turnerenewablenergy.com for more information.