Overview
Cornerstone Power Holmdel LLC is a 3 MW solar PV facility in New Jersey, USA, owned by OCI Solar Power. It contributes to the state's renewable energy portfolio under the Renewable Portfolio Standard.
Cornerstone Power Holmdel LLC is a solar photovoltaic (PV) facility located in Holmdel, New Jersey, United States. With a capacity of 3 megawatts (MW), it is a small-scale solar installation that supports local clean energy generation. The facility is owned by OCI Solar Power, a developer of utility-scale solar projects, and is currently operational. The facility operates under the regulatory framework of New Jersey's Renewable Portfolio Standard (RPS), which requires a certain percentage of electricity to come from renewable sources. As a solar PV plant, it benefits from the federal Investment Tax Credit (ITC) under the Inflation Reduction Act (IRA), which provides financial incentives for solar energy development. The 3 MW capacity places it in the small-scale category, typical for community or commercial solar projects. Environmentally, the facility contributes to reducing greenhouse gas emissions by displacing fossil fuel-based electricity. Solar PV systems have minimal operational emissions, though land use and visual impact are considerations. The plant supports New Jersey's goal of achieving 100% clean energy by 2050, aligning with state-level renewable energy targets.
Environmental context
Solar PV facilities like Cornerstone Power Holmdel LLC have a low environmental footprint during operation, with no air or water emissions. However, land use for solar arrays can impact local ecosystems and visual landscapes. In New Jersey, solar development is often sited on previously disturbed land to minimize ecological disruption. The facility's small scale reduces potential land-use conflicts.
Frequently asked questions
Cornerstone Power Holmdel LLC is located in Holmdel, New Jersey, United States.
The facility has a capacity of 3 megawatts (MW), making it a small-scale solar PV installation.
The facility is owned by OCI Solar Power, a company specializing in utility-scale solar projects.
New Jersey's Renewable Portfolio Standard (RPS) mandates a percentage of electricity from renewables, and the federal Inflation Reduction Act (IRA) provides tax credits for solar projects.
By generating clean electricity, the facility reduces reliance on fossil fuels and supports New Jersey's target of 100% clean energy by 2050.