Big solar power system nearer for Burlco military base

Posted: January 08, 2013

True Green Capital Management L.L.C. and CIT Group Inc. announced the closing of $35 million of financing for a 12.3-megawatt solar rooftop system to provide power for the privatized housing community at Joint Military Base McGuire-Dix-Lakehurst in Burlington County.

United Communities L.L.C., the owner of the 2,104-unit community, estimated the 13.7 million kilowatt hours produced each year by the system will provide about 40 percent of the community's annual electricity needs. United Communities is owned by First Montgomery Group of Marlton.

The project, which is expected to be completed in the second half of 2013, is being built by Trinity Solar L.L.C. of Wall, N.J.

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