On February 18, 2010, DeCotiis’ Green Practice Group completed the first of its kind government financed privately owned and operated renewable energy procurement for the firm’s client the Morris County Improvement Authority. This unique procurement process will result in the private construction of 3.2 MW of solar energy systems at 19 locations providing renewable energy to five school districts and two other Morris County government entities at an average school district savings of 35% over the utility market rate.
DeCotiis will be assisting the Morris County Improvement Authority in preparing for a second procurement within the next few weeks. In addition, the firm is working with the Union County Improvement Authority as well as the Somerset County Improvement Authority to develop similar programs, which anticipate issuing procurements this year.
For questions please contact Stephen B. Pearlman, Esq. or Ryan J. Scerbo at 201-928-1100 or firstname.lastname@example.org or email@example.com.
“Local Government Financing Options for Solar Projects: A Look at Power Purchase Agreements in New Jersey,” Bloomberg Law Reports – Sustainable Energy (Vol. 2, No. 11, November, 2009)
“Regional Renewable Energy; A County Shares the Light with Local Governments,” New Jersey Municipalities (November, 2009)
"Renewables Portfolio Standards: the Key to Advancing Renewable Energy," Bloomberg Law Reports – Sustainable Energy (December 2009)