EDF Renewables North America (EDFR) and the Renewable Power business within Goldman Sachs Asset Management (Goldman Sachs) have announced the commercial operation of the 28.9 MW Toms River Solar Project in the USA.
The project's solar array uses a pre-cast ballasted system on approximately 120 acres of the BASF site located on Oak Ridge Parkway in Toms River, New Jersey, and includes a 27.4 MW grid-connected system and an adjacent 1.5 MW net-metered solar system. The solar farm is built on BASF Corporation’s (BASF) property.
The Community Solar project is still in the approval process. It will generate enough energy to meet the needs of 5,250 New Jersey homes, avoiding more than 30,000 metric tons of CO2 emissions annually. This is equivalent to the greenhouse gas emissions associated with driving 6,400 cars for one year.
EDFR co-developed the project with PVOne and served as the Engineering, Procurement, and Construction contractor for the project. Goldman Sachs acquired the project from EDFR during the construction phase and plans to manage the asset through its useful life.
