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“Essentially, the city has not been making money on this,” Councilman John Francis Roman said in a Sept. The landfill, situated amid a field of petroleum tanks, currently costs Linden about $200,000 per year or more the lease is expected to generate an average of $240,000 annually, so the city should net approximately $40,000.
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“With the lease agreement, the company has agreed to a minimum of a $4.8 million.” “The solar farm will produce revenue of $4.8 million over a 20-year period,” Alex Lospinoso, the executive director of the Linden Economic Development Corporation, said in a phone interview with LocalSource on Sept. 20 meeting, gives Hathaway Solar, a subsidiary of CS Energy, which has offices in Edison and Worcester, Mass., the rights to the landfill located off Lower Road along the Rahway River and adjacent to the Hawk Rise Sanctuary. The contract, approved at the City Council’s Aug.
#Linden Dollars Generator install
LINDEN - An Edison-based company has been awarded a 20-year lease to install a solar farm atop the city’s long-closed, 55-acre landfill that is expected to generate a surplus for the municipality. Linden’s landfill along the Rahway River, which has been a cash drain for years, hopefully will become a cash generator under a 20-year contract signed with Hathaway Solar, a subsidiary of CS Energy in Linden.