EDF Renewables starts commercial operation of New Jersey’s largest solar project

EDF Renewables North America (EDFR) and the Renewable Power business within Goldman Sachs Asset Management (Goldman Sachs) announced the commercial operation of the 28.9 MW »Toms River« solar project. The facility, built on BASF Corporation’s (BASF) property, is New Jersey’s largest solar project. Additionally, EDFR has designed a 5 MW Community Solar project, also to be built on the BASF site, which is still in the approval process.
According to the companies, the solar array was built »with rigorous attention to the environment,« with specific considerations made to improve the threatened Grasshopper Sparrow habitat and protect the Northern Pine Snake. Existing paved areas in the footprint of the project were removed and will be replaced with native meadow mix grasses and wildflowers. Additionally, Rutgers University will conduct a 5-year monitoring program to study the ecological uplift.
EDFR co-developed the plant with PVOne and served as the Engineering, Procurement and Construction contractor for the project. Goldman Sachs acquired the facility from EDFR during the construction phase and plans to manage the asset through its useful life.
EDF Renewables’ North American portfolio consists of 20 GW of developed projects and 13 GW under service contracts. The company is a subsidiary of EDF Renouvelables, the renewable energy affiliate of the French EDF Group. BASF Corp., headquartered in Florham Park, New Jersey, is the North American affiliate of German chemistry group BASF SE. The company has approximately 17,000 employees in North America and had sales of $18.7 billion in 2020. Goldman Sachs Asset Management is the primary investing area within Goldman Sachs, overseeing more than $2 trillion in assets under supervision worldwide as of March 2021. Established in 2017, the Renewable Power business within Goldman Sachs Asset Management has sponsored more than 800 solar projects across 27 U.S. states that collectively have a capacity of more than 2.3 GW of renewable power. PVOne is a solar power project development company engaged in the development of grid-scale solar, commercial net-meter solar, and community solar projects throughout the US.

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