South Jersey Transportation Authority Board of Commissioners Meeting Agenda 2026-05-20
Authority Amends Solar PPA Agreements With Onyx
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Description
The South Jersey Transportation Authority plans to amend its solar power purchase agreements with Onyx Development Group LLC, fixing the rate at $0.07/kWh and shortening the term to 15 years for projects at Interchanges 9 and 28 while terminating the agreement at Interchange 33 East. These changes will allow the viable solar projects to move forward to construction under updated economic terms.
Contract Details
Vendor
ONYX DEVELOPMENT GROUP LLC
Agency
Atlantic City Airport Authority, NJ
Contract Type
UTILITIES
Document Date
May 20, 2026
Contract Term
Existing PPAs for Interchanges 9 and 28 amended to 15-year terms at a fixed $0.07/kWh; agreement for Interchange 33 East terminated
Renewal Info
First amendments executed February 27, 2026 adjusted due diligence timing; this subsequent amendment revises pricing, output requirements, and term for Interchanges 9 and 28, and terminates the Interchange 33 East agreement.
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