Greenberg Traurig, LLP announced that its client, Consolidated Edison Development, Inc. (CED), a developer and owner of renewable gas and transmission assets with a focus on the Northeastern United States, along with Texas-based Panda Power Funds, plans to build a 20-megawatt solar farm on a 100-acre site in Pilesgrove, New Jersey. The farm will be connected directly to the electrical grid via the Atlantic City Electric distribution system. Greenberg Traurig’s team advising CED on the solar project included Robert Wexler, a shareholder in the Corporate and Securities Practice of the New Jersey office; Steven Fleissig, a shareholder in the Real Estate Practice in the New Jersey office; and Charles Schwenck, Co-Chair of the firm’s Energy and Natural Resources Practice in the Los Angeles office.
“Renewable energy projects like this continue to be a focus across the United States,” said Robert Wexler. “We’re very proud to have played a part in helping CED bring what will be the largest solar farm installation to the Northeast — particularly to New Jersey, a state that will continue to amass green energy projects.”
CED, which was formed in 1997 as a subsidiary of Consolidated Edison, Inc., one of the largest investor-owned energy companies in the United States, announced that it will take the lead in operations and energy management at the new South Jersey solar farm.
The installation will feature 71,400 solar panels and cost $85-90 million. CED broke ground on the project on October 20, 2010. It is slated to go online in May 2011.
