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Prima / Noutati / Solar Power to build 5MW rooftop solar system in New Jersey
Solar Power to build 5MW rooftop solar system in New Jersey
30.12.2010  
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http://www.newenergyworldnetwork.com/renewable-energy-news/by-technology/solar/solar-power-inc-to-build-5mw-rooftop-solar-system-in-new-jersey.html

Solar Power has been contracted to design, engineer and construct a 5MW rooftop system for installation on a warehouse in Carteret, New Jersey owned by private equity firm KTR Capital Partners.

NuGen Capital Management and KDC Solar, who have formed a joint venture to own and operate the system, selected Solar Power for the engineering, procurement and construction (EPC) of the project.
In addition to performing as EPC contractor, Solar Power will also monitor and service the power plant once completed.
‘This installation will be one of the largest systems of its type in the nation,’ said Steve Kircher, chairman and CEO of Solar Power.
‘More importantly, the project allows us to continue to develop our presence and portfolio in the northeastern US.’
The warehouse building serves as corporate offices of wholesaler White Rose Food, and as a hub in the company’s distribution network.
The project is scheduled to begin in January 2011 and conclude early in the second half of the year.
KDC Solar was originally a subsidiary of Kamine Development, which builds, owns and operates co-generation gas fired power plants in the eastern US. KDC Solar is supported by an allocation of $225m in equity from Diamond Castle Holdings, a New York-based private equity fund with more than $1.8bn of capital under management.
Solar Power is a vertically integrated producer, manufacturing its own solar panels at a facility in Shenzhen in southern China, before installing them in the US. The company is about to complete a rooftop system for Fox Studios in California.



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