N.J. Colleges Take Advantage Of New Law Allowing Partnerships With Private Developers

Ann McClure's picture
Wednesday, January 25, 2012

The aging roof of Ramapo College’s main academic building was in need of repair, and the college needed millions of dollars to fix it.

Instead of borrowing the money, the 6,000-student public college in Mahwah is partnering with a private company on a $23 million re-roofing project.

In exchange, the companies will install a 5-megawatt solar panel system on the new roof, on carports and on berms along Route 202, and then sell back the generated electricity to the college.

National Energy Partners in Mount Vernon is financing the project, and Amberjack Solar of Oakland is doing design and operation, while another firm does the installation.

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