KDC Solar LLC has begun construction on a 23.5 MW solar photovoltaic system that will supply Six Flags Great Adventure in Jackson, N.J., with clean energy and virtually all of the park’s electrical load.
When completed, the project will be the largest net-metered solar installation in the state of New Jersey, claims KDC Solar. The project will include solar carports over select parking lots and 40 acres of ground-mounted solar panels.
The solar facility will produce approximately 30 million kWh of clean electricity in the first year. 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.
Debt financing for the project was provided by Seminole Financial Services through a construction and a permanent loan facility. GoldenSet Capital Partners arranged development capital and project equity in its role as sub-advisor to the North Sky Capital Alliance Fund II.
“We are very pleased and proud to have been selected by Six Flags Great Adventure for this groundbreaking solar project,” comments Alan Epstein, president and CEO of KDC Solar. “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.”
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