The town has recouped almost $2.3 million in previous taxes whereas turning the landfill right into a worthwhile, clear vitality asset
RED BANK, NJ, December 2, 2022 – CEP Renewables, CS Vitality, Terrasmart, Lindsay Precast and NJR Clear Vitality Ventures, introduced that they’ve accomplished the biggest landfill photo voltaic mission in North America. This 25.6 megawatt (dc) photo voltaic mission is positioned in Mount Olive, New Jersey and has enabled the city to get well almost $2.3 million in previous taxes whereas on the identical time relocating the previous Combe Fill North Landfill Superfund website to a revenue-generating, clear. vitality belongings.
“We’re happy to have labored carefully with our trusted, long-time companions to rework one other, beforehand unused, landfill website right into a renewable vitality producing energy plant,” stated Chris Ichter, Government Vice President of CEP Renewables. “There are over 10,000 closed landfills in the US, however solely a small fraction of those parcels are recycled. Nationwide.”
Based on the EPA, there was an 80 p.c improve within the variety of landfill photo voltaic tasks within the US within the final 5 years. As these landfills have been round for many years, the principle driver of this latest development is the landfill experience developed by firms like CEP Renewables. CEP has in depth expertise rehabilitating environmentally broken websites, together with the BFI South Brunswick landfill, the Outdated Bridge Clay Pits website, the Warren Quarry and Sand Pit in Monroe Township, the BEMS Landfill in Southampton Township; and the Fibermark Paper Plant brownfield in Holland Township. This in depth expertise is a part of why the native municipality agreed to enter right into a public-private partnership for CEP to redevelop this landfill website. As well as, CS Vitality has accomplished 216 MW of landfill photo voltaic tasks since 2011, making the corporate an ideal option to design and construct the Mount Olive mission.
“We’re proud to have been chosen by CEP Renewables to supply our experience for this impactful landfill photo voltaic mission due to our monitor file of finishing these difficult tasks safely, on time and on price range,” stated Mike Dillon, Director of CS Operation Sturdy. “That is our eighth mission with CEP Renewables, our seventh mission with Lindsay Precast and our 14th landfill photo voltaic mission with Terrasmart. important monetary and environmental advantages to this neighborhood in the long run.”
Along with the various advantages supplied to the town, the massive measurement and the difficult nature of this restricted landfill photo voltaic mission, the Mount Olive mission can be recognized to contain the acquisition of landfill by way of tax reform and substitution. course of. This construction is totally distinctive and resulted within the mission successful the 2021 Award for Innovation in Governance from the New Jersey League of Municipalities. The Mount Olive mission now serves as a mannequin for a lot of different closed landfill websites throughout the US – by way of the redevelopment course of in addition to design and building execution, whereas additionally offering larger tax income and cheaper clear vitality for native communities. .
NJR Clear Vitality Ventures will personal and function the Mount Olive photo voltaic facility for the long run. CEP Renewables owns the land for this mission, which is leased to NJR Clear Vitality Ventures.
About CEP Renewables, LLC:
CEP Renewables designs, develops, and builds grid-connected, utility-scale photo voltaic tasks. With world experience in creating tasks in Europe, Asia, and North America, the corporate focuses on New Jersey and helps the Governor’s bold Vitality Grasp Plan (requiring 100% use of unpolluted vitality by 2050 ). CEP makes use of its extremely expert skilled group to implement complicated remediation, engineering, and allowing methods that permit it to deliver notably difficult tasks from conception to energy. For extra info go to https://www.ceprenewables.com/.
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About CS Vitality:
CS Vitality is an industry-leading engineering, procurement and building (EPC) vitality firm that designs and builds optimized tasks within the photo voltaic, vitality storage, and rising vitality industries. CS Vitality’s consideration to element, flawless execution, and extremely gifted workforce have enabled the corporate to efficiently design and set up over 1.5 GW of photo voltaic tasks throughout the US. CS Vitality leverages sturdy relationships with photo voltaic builders, IPPs, utilities, off-takers, suppliers, and landowners to assist clients streamline the mission growth course of, decrease prices of the mission, and create worth for all stakeholders. Owned by American Securities, a number one US non-public fairness agency, CS Vitality has an skilled and dedicated administration group and the monetary assets wanted to proceed to develop its photo voltaic and vitality storage enterprise as a dependable and long-term accomplice.