KDC Solar Kicks off 23.5MW PV Plant Construction in New Jersey

After completion, this project will be the largest net metered solar installation in New Jersey.

solar power

Owner, operator and developer of solar power facilities, KDC Solar has begun construction on a 23.5MW solar photovoltaic (PV) system in Jackson, New Jersey.

After completion, this project will be the largest net metered solar installation in New Jersey.

Also, this system will supply Six Flags Great Adventure with clean renewable energy and virtually all its electrical load at the park.

In first year, this solar facility will produce approximately 30 million kilowatt hours of clean electricity.

Additionally, the environmental benefits of the project will be equivalent to providing power for 2,787 homes for a year or removing approximately 108,000 cars from the road.

Commenting on the development, KDC Solar, President and CEO, Alan Epstein said, “We are very pleased and proud to have been selected by Six Flags Great Adventure for this groundbreaking solar project. We also want to recognize and thank our partners, GoldenSet Capital Partners and Seminole Financial Services, for providing the necessary capital to build this project.”

The debt financing for the project was provided by Seminole Financial Services through a construction and a permanent loan facility.

“The KDC team has an extensive history of successfully developing significant energy projects and represents an ideal partner for GoldenSet Capital and Alliance Fund II,” said Everett Smith, Managing Partner of GoldenSet Capital.

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