According to Public Service Enterprise (PSEG), it will increase spending on renewable projects under its Solar Loan and Solar 4 All investment programs.
The group will invest up to $199m on a new 97.5MW project under the Solar Loan III program, and $247m on 42MW projects on landfills and brownfields, and 3MW pilot programs under the Solar 4 All extension.
The company’s proposals are currently under review for public comment and the New Jersey Board of Public Utilities is likely to announce its decision by May 31.
PSEG proposes to spend $883m on the Solar Loan and Solar 4 All programs.
