NJ Solar Energy Law Drying Up Project Funding, Suit Says

Law360, New York (November 7, 2013, 3:31 PM EST) -- The New Jersey Solar Grid Supply Association has sued the state Board of Public Utilities, accusing it of incentivizing companies to invest in solar energy projects before enacting a law that caused them to lose millions of dollars.

In an Oct. 21 complaint filed in New Jersey state court, the association and 10 other solar energy development companies say they invested $43 million after the BPU “aggressively courted” them to develop solar grid supply projects but lost their ability to finance the projects after the state...
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