RMT Starts Construction on Largest Solar Facility in Northeastern U.S.

Construction commences at 18 MW-ac Project in NJ

Oct 28, 2010, 10:06 ET from RMT, Inc.

MADISON, Wis., Oct. 28 /PRNewswire/ -- RMT, Inc. (RMT), a leading renewable energy engineering and construction company, has contracted with Pilesgrove Solar LLC to construct the largest solar energy facility in the Northeastern U.S.  RMT has commenced construction on the 18 MWac facility located in Pilesgrove, NJ.

Pilesgrove Solar LLC is a joint venture between Panda Power Funds and Con Edison Development.  Panda Power Funds is responsible for managing development, engineering and construction of the solar project.

"We partnered with RMT on this project because they have successfully designed and constructed dozens of utility-scale renewable energy facilities across the U.S.," explains Todd Carter, President and Senior Partner of Panda Power Funds.  "We look forward to a long and prosperous relationship with RMT."

Con Edison Development will be managing the operation, maintenance, energy management and financing of the solar facility.

"The Pilesgrove solar facility will help boost America's energy independence and provide long-term environmental benefits," said Robert Mennella, Senior Vice President and Chief Operating Officer at Con Edison Development.  "We tapped RMT for this project because they have a track record of designing and constructing high quality renewable energy facilities."

RMT is responsible for engineering, procurement, and construction (EPC) of the civil infrastructure, solar modules and racking system, DC and AC electrical systems, SCADA system, and meteorological system. The project entails installation of over 71,000 photovoltaic solar modules.  RMT also provided preliminary engineering and permitting support for the project.

"We are thrilled to be partnering with Panda Power Funds and Con Edison Development on this state-of-the art solar energy facility," said Frank Greb, RMT Vice President.  "The facility will create enough clean energy to power over 5,100 homes and will create over 100 construction jobs."

The Pilesgrove solar facility is expected to commence commercial operation next spring.  Atlantic City Electric will be the host utility for the project.

About RMT

RMT creates energy and environmental solutions that balance our clients' business and sustainability goals.  Headquartered in Madison, Wisconsin, the company has 600+ employees throughout the U.S.  RMT has provided construction, engineering, design, and development services for 3,800+ MW of renewable energy across the U.S. RMT is a unit of Alliant Energy Corporation (NYSE: LNT), an energy holding company. Visit www.rmtinc.com.

About Con Edison Development

Launched in 1997, Con Edison Development focuses on the development, ownership and operation of renewable and energy infrastructure projects in the Northeast.  Through acquisitions as well as greenfield development, Con Edison Development has owned, operated and marketed 1700 MW of electric generating facilities.  The company has proven expertise in engineering and construction management, start-up and commissioning, and a strong track record of financial stability and regulatory experience.

Con Edison Development is a subsidiary and registered trademark of Consolidated Edison, Inc. (NYSE: ED), one of the nation's largest investor-owned energy companies.  More information can be obtained by calling 914-993-2185.  You can also visit the Consolidated Edison, Inc. website at www.conedison.com for information on all of the Consolidated Edison companies.

About Panda Power Funds

Panda Power Funds, through its predecessor organization Panda Energy, has developed, financed, constructed and operated large-scale energy facilities both domestically and internationally.  The company built the two largest gas-fueled electric generation facilities in the United States totaling 4,400 megawatts of generating capacity. Altogether, the company has raised almost U.S. $6 billion to develop and build more than 9,000 megawatts of generating capacity.

In 2005, Newsweek Magazine recognized a Panda affiliate as one of the ten most eco-friendly energy companies in the United States.  The company has twice won Euro Money/Project Finance Magazine, IFR/Thomson Financial, Project Finance International and Global Finance magazines prestigious "Deal of the Year" awards.

Panda Power Funds is continually exploring investment opportunities in both conventional and renewable energy. The company has a significant pipeline of projects currently under development.

Additional information on Panda Power Funds can be found at www.pandafunds.com.