HOBOKEN, N.J. — On July 29, 2008, enXco, an EDF Energies Nouvelles company, announced that a Power Purchase Agreement (PPA) was made with Stevens Institute of Technology to construct a 487 kW solar photovoltaic system in Hoboken, N.J. The solar photovoltaic project will consist of roof-, carport- and ground-mounted fixed-tilt solar arrays. enXco will own and operate the solar photovoltaic system, and provide financing for the project under a multi-year PPA with Stevens on a net-metering basis.
Construction on the project is anticipated to begin mid-August 2008 and is expected to be in operation by the end of the year. EnXco has also signed an EPC agreement with RGD Energies, a subsidiary of 3rd Rock Systems and Technologies.
For more information on this project, please e-mail Mark Byrd at Mark.Byrd@stevens.edu.
About enXco, an EDF-EN Company
enXco, Inc. (www.enxco.com) an EDF-EN Company (www.edf-energies.nouvelles.com) develops, constructs, operates and manages renewable energy projects throughout the United States. For more than two decades, we have been a leader in wind-energy focusing on large-scale wind projects. Today enXco's portfolio includes solar and biomass technologies, in an effort to help drive our nation's transition to a sustainable energy economy. enXco is a significant owner and developer of renewable energy installations in the United States, and is the largest third-party operations & maintenance provider for wind farms in North America.
About Stevens Institute of Technology
Founded in 1870, Stevens Institute of Technology is one of the leading technological universities in the world dedicated to learning and research. Through its broad-based curricula, nurturing of creative inventiveness, and cross-disciplinary research, the Institute is at the forefront of global challenges in engineering, science, and technology management. Partnerships and collaboration between, and among, business, industry, government and other universities contribute to the enriched environment of the Institute. A new model for technology commercialization in academe, known as Technogenesis®, involves external partners in launching business enterprises to create broad opportunities and shared value.
Stevens offers baccalaureates, master's and doctoral degrees in engineering, science, computer science and management, in addition to a baccalaureate degree in the humanities and liberal arts, and in business and technology. The university has a total enrollment of 2,040 undergraduate and 3,085 graduate students, and a worldwide online enrollment of 2,250, with a full-time tenured/tenure-track faculty of 140 and more than 200 full-time special faculty. Stevens' graduate programs have attracted international participation from China, India, Southeast Asia, Europe and Latin America. Additional information may be obtained from its web page at www.stevens.edu.
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