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.
