South Jersey Transportation Authority Board of Commissioners Meeting Agenda 2026-05-20
Authority Amends Solar Power Purchase 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 energy rates at $0.07/kWh and shortening terms to 15 years for projects at Interchanges 9 and 28 while terminating the Interchange 33 East agreement. The changes will allow two projects to proceed to construction under updated economic assumptions.
Contract Details
Vendor
ONYX DEVELOPMENT GROUP LLC
Agency
Atlantic City Airport Authority, NJ
Contract Type
UTILITIES
Document Date
May 20, 2026
Contract Term
Amended term for Interchange 9 and 28 agreements reduced from 20 years to 15 years; Interchange 33 East agreement terminated
Renewal Info
Existing power purchase agreements executed November 18, 2024 were previously amended on February 27, 2026 to adjust due diligence timing; this new amendment revises payment rates, output requirements, and term length for Interchanges 9 and 28 and terminates the Interchange 33 East agreement.
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