by Tom Johnson, NJSpotlight.com
Apparently, not everyone is down on New Jersey’s solar sector.
GP Renewables & Trading, a New York-based energy services company, announced yesterday it expects to spend up to $15 million to buy operating, commercial solar projects in Maryland and New Jersey by the end of the year.
Its entry into the state’s solar market comes at a time when many owners of solar systems are struggling to recoup their investments, a problem caused by the steep drop in prices paid for the electricity their arrays produce. In energy jargon, those payments are known as solar renewable energy certificates (SRECs).
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