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Public Service Electric and Gas Invests $883 Million In Hackensack, New Jersey, Solar Energy Farm

Area Development News Desk

08/02/2012

Public Service Electric and Gas will invest $883 million in a renewable energy project to transform a former hazardous waste storage site in Hackensack, New Jersey, part of the U.S. Environmental Protection Agency Brownfield and Land Revitalization Program, into a solar energy farm.

PSEG chairman, president and CEO Ralph Izzo said utility will request New Jersey Board of Public Utilities approval to invest up to $883 million to expand the utility's Solar 4 All and solar loan programs to develop an additional 233 megawatts of solar capacity. This expansion will create approximately 300 direct jobs per year over the next five years.

"New Jersey is a national leader in the solar industry," said Governor Chris Christie. "Solar investment projects like the Hackensack Solar Farm are an integral part of our state's renewable energy portfolio, increasing New Jersey's solar capacity, creating jobs and securing the protection of our precious environmental resources. This Administration pledges to continue moving forward with our commitment to develop renewable sources of energy and with corporate partners like PSEG, New Jersey will continue to lead the way."

"Every time we reclaim a landfill or Brownfield site with solar panels, it's a win for the people of New Jersey," Izzo said. "Governor Christie deserves recognition for his forceful support of developing green energy projects on these sites, which benefit the state's economy and environment, as well as the communities where these properties are located. This is the fifth PSE&G project that uses renewable energy to breathe new life into a Brownfield or landfill. We are ready to do more of these projects and transform sites like this all over the state to generate more jobs along with clean renewable energy."

The proposed Solar Farm is part of the utility's Solar 4 All program that is helping New Jersey meet its renewable energy goals in a cost effective manner while creating jobs and helping the state's green energy sector mature, the Utility said. Reclaiming brownfields and landfills has been a centerpiece of PSE&G's innovative Solar 4 All program. In addition to the Hackensack project, similar installations are in service in Trenton, Edison, Linden and Kearny, New Jersey. The EPA, through its Brownfield Program, provides funding as an incentive to cleaning up landfills.

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