N. America’s largest rooftop system gets $11 million tax credit
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- Category: Solar
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09 Apr 2012
- Published on Monday, 09 April 2012 17:50
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Holt Logistics' Gloucester Marine Terminal in New Jersey was awarded an $11 million federal tax credit for its $42 million rooftop solar power installation.
The project, Riverside Renewable Energy, L.L.C., is said to be the largest of its kind in North America with 27,526 photovoltaic panels assembled on over 1.1 million square feet of rooftop, generating 9 megawatts of electricity.
Representative Robert Andrews, Democrat of New Jersey, presented terminal officials with the award letter from the U.S. Department of the Treasury during a tour of the facility.
The Gloucester terminal is the largest on-dock refrigerated warehouse on the East Coast and a large electricity consumer. The Riverside installation will make the equivalent of up to 80 percent of the facility's power demand.
The system will offset more than 8,100 tons of carbon dioxide, approximately the same amount that would be offset by removing 1,200 cars from the road.
Construction on the project began in June 2011 and was completed on budget and ahead of schedule last fall. A total of 200 jobs were created during project construction.
Aside from Holt, the Riverside project is a partnership involving global solar technology company SunPower, global bank and financier of renewable energy projects Rabobank, and PSE&G. – EcoSeed Staff
