This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

KDC Solar And North Jersey Media Group Cut The Ribbon On Largest Solar Facility At A Printing Plant In New Jersey

BEDMINSTER, N.J., May 7, 2013 /PRNewswire/ -- KDC Solar LLC, headquartered in Bedminster, New Jersey, through its wholly owned subsidiary, KDC Solar NJMG, has commenced commercial operations at North Jersey Media Group's (NJMG) printing facility in Rockaway, New Jersey. 

(Photo: http://photos.prnewswire.com/prnh/20130507/NY09476)

The solar project is the largest PV solar system (4.96 megawatts) at any printing facility in the State of New Jersey.  The new system, which will generate approximately 6.2 million kilowatt hours of solar electricity per year, will allow North Jersey Media Group's facility to receive approximately 60% of its annual electric needs from clean renewable solar energy and substantially reduce its carbon footprint.  This is the equivalent of 700 homes being supplied with all their electricity for the year.  In addition, there are discussions underway to add additional solar capacity when a new roof is installed on a portion of the facility.  A ribbon cutting ceremony marking the commencement of commercial operations was held at NJMG's facility on May 6th.  Among the local dignitaries in attendance were Don Reddin, Rockaway Township Council Member, Dave Washington, Rockaway Township Council Member, Gregory Poff, Rockaway Township Business Administrator, Vincent Brennan, Rockaway Township Police Captain and Planning Board Member, Jim Lutz, Rockaway Township Engineer and Craig Babcock, Rockaway Fire Marshall. 

KDC Solar signed an engineering and construction contract for the installation of the facility with Samsung C&T.  J. Fletcher Creamer and Son, a fifth-generation contractor headquartered in Hackensack, New Jersey, was the general contractor.  The solar facility uses over 20,400 photovoltaic panels, 10 SMA America 500 kilowatt inverters and is ground mounted, roof mounted and on car ports across 50 acres of land.   

"North Jersey Media Group is pleased and proud to have served as the host and electric off-taker of this solar project," said Stephen Borg, President of NJMG. "This use of clean energy helps us continue our environmental stewardship as well as reduce costs.  KDC Solar is a wonderful partner and I strongly recommend them to those considering similar projects," he said.

"We are very pleased to have worked with North Jersey Media Group and, in particular, the Borg family to bring this concept to reality.  This facility is the largest PV solar facility at any printing facility in the State of New Jersey  and will supply clean, lower cost, long-term solar energy to North Jersey Media Group for many years," said Hal Kamine, KDC Solar's Chief Executive Officer. "This project is another example of a successful 'behind-the-meter' clean solar electric system for business/government and institutions, which in turn create or preserve both short and long-term jobs for the state."

KDC Solar LLCKDC Solar is supported by an allocation of $225 million in equity from Diamond Castle Holdings, a New York-based private equity fund with more than $1.8 billion of committed capital under management.  KDC Solar is committed to using clean solar energy to provide economic stimulus and jobs in New Jersey.  It currently operates 34 megawatts of "behind the meter" solar facilities at 9 different locations and is constructing and permitting 85 megawatt of "behind the meter" solar projects at businesses and institutions throughout New Jersey.  KDC Solar supplies commercial, institutions and governments with significantly lower long-term electric costs through solar power. For more information, visit www.kdcsolar.com.

KDC Solar LLC: Alan M. EpsteinPhone: (908) 212-3621Email: alan.epstein@kdcsolar.com

North Jersey Media GroupNorth Jersey Media Group (NJMG) is an independent, family-owned media company providing local news, information and services to the residents of northern New Jersey. The company is best known for its flagship daily newspaper,  The Record. Stephen Borg, President of NJMG, is the fourth generation of his family to act as publisher of the award-winning newspaper, which is at the center of the company's extensive local news-gathering operations in print and online. NJMG also publishes the  Herald News, more than 40 community newspapers and a family of glossy magazines, including the popular  (201), Bergen County's first and only monthly magazine. The company employs more than 1,000 people across 15 locations in North Jersey. 

Contact person – NJMG, Maggie Grande, 974-569-7543, grande@northjersey.com

SOURCE KDC Solar LLC

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs