Taxpayers in 3 counties could be on hook for millions after solar project fizzles
The concept behind the massive solar project sounded simple enough: borrow $88 million to install panels on public buildings in Morris, Somerset and Sussex counties and then sell excess electricity, using the revenues to pay off the debt. The concept was called the “Morris model,” held up nationally as an example of how to produce renewable…
The “Morris Model” for solar has a dismal performance. 2 main projects, both defaulted.
There is no reason to “revive” anything except to deceive the public again. These projects were uneconomical and remain so. For an Administrator to say there is “profit” shows us what a mess NJ government is truly in. Do the math. Better yet, have our Government come clean.