Lincoln Renewable Energy (LRE) advised that it had started construction on its 10MW Oak Solar project located in the Fairfield Township of New Jersey. The plant will use 55,000 solar panels and sit on a 100-acre site next to Atlantic City Electric’s distribution system. Completion on Oak Solar is anticipated to be reached later this year with LRE advising that the power plant will be the largest non-utility owned solar project east of the Mississippi River.
LRE CEO Declan Flanagan commented, “This highly innovative project clearly demonstrates that when the right policies are in place, investment will flow to create much needed energy infrastructure, even in the current difficult economy. The result is not just clean energy, but much needed employment and a major boost to the local tax base.”
In addition to commencing construction on the 10MW project, LRE revealed that it had appointed Richard Gruber as the new senior vice president of business development. Gruber will be charged with managing the company’s utility relationships and marketing solar power from LRE’s portfolio.
“I am also delighted to have an executive of the caliber of Richard Gruber join the LRE team,” continued Flanagan. “Richard's deep knowledge of the US solar market, particularly California where he has led the development of some of the largest solar projects operating in the state, will be a huge asset to LRE.”
Gruber holds 30 years of experience in the US electricity market and has served in executive roles in the US solar market at companies such as Schott Solar and First Solar. He graduated with his Bachelor’s degree in economics from Southern Methodist University, received his MBA from the University of St. Thomas and is a graduate of Harvard Business School’s Advanced Management Program.