SADDLE BROOK, NJ -- (Marketwire) -- 08/27/12 -- American Clean Energy powers up 4.5 MW of solar arrays for the Toms River Regional Schools located in Toms River, NJ. The solar electric PV systems are comprised of 16,000 solar panels located on the rooftops of 13 of their buildings and provide annual output of 5,095,000 kWh. The clean electricity generated would satisfy the annual energy needs of approximately 575 homes.
'Timing for this project is perfect,' said Steve Morgan, CEO of American Clean Energy. 'As our installations have come online during the past months, Toms River has already begun to receive significant financial benefit from the solar energy production. Additionally, as the economy rebounds most experts predict we can expect energy prices in New Jersey to return to the double digit price increases we were experiencing the three years before the recession began. As a result, our PPA agreement with Toms River Regional Schools will provide them with even more substantial savings over its term while also eliminating price volatility going forward.'
Frank Roselli, Superintendent of Toms River Regional Schools, added, 'In addition to the energy savings, we are very excited about achieving the environmental benefits provided by going solar. It is important that our actions provide a living lesson to our students and the community regarding our commitment to a healthy, safe world. American Clean Energy's competitively priced Power Purchase Agreement allowed us to achieve those goals without having to take money out of our pocket.'
The Environmental Report with Terry Bradshaw recently produced and distributed a short video segment on this exciting project which can be seen on YouTube with the following link: http://www.youtube.com/watch?v=2sBQgGKK1UM
American Clean Energy presently has a development pipeline of over 50MW in the Northeast consisting of utility, commercial and municipal installations. Geographically selective residential programs have also recently been launched.
About American Clean Energy
American Clean Energy is a 4-year-old New Jersey based solar development company that provides turnkey solar solutions and excels at rapidly deploying high quality, innovative solutions for Residential, Municipal, Commercial and Industrial customers. American Clean Energy develops and owns solar installations on host customers' sites and sells the resultant electricity to those customers using Power Purchase Agreements (PPA) and solar leases. The team, led by Steve Morgan, the former CEO of Jersey Central Power & Light, the largest utility by territory in New Jersey, truly understands the energy marketplace and brings extensive experience in energy infrastructure, project development, finance and construction.
About Toms River Regional Schools
Toms River Regional School District is the fourth largest district overall and is the largest suburban school district in the state of New Jersey. It serves over 17,000 students, providing kindergarten through 12th grade educational services for Toms River, Pine Beach, Beachwood and South Toms River.
American Clean Energy