North Jersey Media Group & KDC Solar Create One of N.J.'s Largest Solar Facilities for a N.J. Business

WOODLAND PARK, N.J., Jan. 5, 2011 /PRNewswire/ -- North Jersey Media Group has partnered with KDC Solar to create one of the state's largest solar facilities, which when operational, will generate approximately 4.2 million kilowatt hours of electricity annually for its Rockaway printing and packaging facility.  This load is equivalent to powering 600 houses for a year.  The solar facility will have 20,400 panels.  

Stephen Borg, President of North Jersey Media Group, stated, "We already buy newsprint with the highest recycled content available.  Our paper supplier has zero percent deforestation, meaning there is no loss in trees.  We use soy-based inks.  This is the next big step.  We used all the space available to install this solar facility including erecting car ports with panels on top.  The end result is almost fifty percent of our electricity needs will be met through the sun."

Construction starts in early 2011 and with the objective that the project be operational in late 2011.

KDC Solar's CEO, Hal Kamine, said, "We are excited about the opportunity to team with North Jersey Media Group and bring additional environmental benefits to their Rockaway operations.  The solar facility at the Rockaway plant is a wonderful example of the environment created by New Jersey policymakers for solar energy to deliver long-term low cost energy for a New Jersey company which employs more than 1,100 people with behind-the-meter solar electric systems."

About The Record and North Jersey Media Group

The Record is the premier, award-winning daily newspaper for northern New Jersey and the center of the extensive local news-gathering operations of North Jersey Media Group. The company also publishes the Herald News, an edition of The Record, more than 40 community newspapers and a family of glossy magazines, including the popular (201), Bergen County's only monthly magazine, and The Parent Paper.  All of the publications contribute breaking news, features, columns and local information to a comprehensive Web site essential to area residents at www.northjersey.com.

About KDC Solar LLC

KDC Solar was initially founded as a subsidiary of Kamine Development Corp ("KDC") which itself was established in 1985 to develop, construct, own, and operate co-generation natural gas fired power plants.  KDC ultimately became one of the largest independently owned power producers in the New York/New Jersey area generating more than 600 MWs of electricity.  KDC Solar is supported by an allocation of $225 million in equity from Diamond Castle Holdings, a New York-based private equity fund with more than $1.8 billion of committed capital under management.  KDC Solar is on track to be one of the largest owners and operators of solar power projects in New Jersey and the Mid-Atlantic states by supplying commercial and industrial companies with significantly lower long-term electric costs.  For more information, please visit www.kdcsolar.com.

SOURCE North Jersey Media Group