This is a map of the footprint of the 78MW Stella Solar and Atlantic Green Power project proposed for Upper Pittsgrove, New Jersey.  I’ve ehard there are others planned nearby, but that this is the biggest.

Project description from Atlantic Green Power Holding Company 3Q 10-Q filing:

Pittsgrove Solar Farm

There are two meetings coming up about this project:

Informational Meeting

Elmer Grange Hall

Tuesday, March 16, 2010 from 6 to 8:30 p.m.

and the Land Use meeting where the town will approve or deny the application:

Upper Pittsgrove Town Hall

Thursday, March 18, 2010 at 7:30 p.m.

Now you all know how I love solar, from the solar hot water my father designed for the Minnesota Zoo to those simple little heaters you can make or buy:

Build a Simple Solar Heater

Northern Tool sells simple solar air heaters

Every house needs these simple solar heaters.

Solar PV should also be on the roof of every big box there is, and on every home.  But to be clear, I don’t think it belongs covering prime ag fields a long way from load.  That isn’t “highest and best use,” and  just doesn’t make sense when you consider the capacity factor of solar and the line loss over transmission.  So, this project seems odd…

Why do it?  Well, look who is involved and the incentives — means, motive and opportunity — and given that, I hope the town will take a close look before jumping, at the very least, require these conditions (off the top of my head):

  1. No ag land be removed from production; and
  2. No ag land be removed from ag preservation designation; and
  3. Commercial solar be limited to commercial and industrial areas; and
  4. Commercial solar be limited to roofs in rural areas.



The article way below, from Today’s Sunbeam, says it is to be built on land that “is currently owned by Ed Stella and will be leased to Atlantic Green Power…” but the Atlantic Green Power site says that Edward Stella, Jr., is the “Vice President of Project Development.”  From what I can see, this is their FIRST project.  Edward Stella as VP?  Really, it’s right here, so we’re not exactly talking about an arms length transaction:

Edward Stella, Jr.

Vice President of Project Development, Director

Edward Stella, Jr. was appointed as the Vice President of Project Development and as a Director of Atlantic Green Power Holding Company on February 3, 2010. He also was a founder of Atlantic Green Power Corporation, the wholly-owned subsidiary of Atlantic Green Power Holding Company, and has served as a Director thereof since its inception on September 17, 2009. He has over 30 years of experience in land development, land clearing and mulching operations. He is the President of Stella Contracting, Inc., one of the largest land-clearing companies operating on the East Coast, and the President of South Jersey Agricultural Products (SJAP), a company engaged in the sale of top soil and mulch to such customers as Scott’s, Coastal Supply, Home Depot and Lowes. Mr. Stella has had the honor of being nominated by Ernst & Young LLP for Entrepreneur of the Year in 2000 in the greater Philadelphia area.

If he’s connected to “such customers as Scott’s, Coastal Supply, Home Depot and Lowes” why aren’t they putting solar on the roofs of those big boxes, where it can be used, and not on prime ag land far away from big boxes?

Atlantic Green Power Holding Company has been in existence since September 17, 2009, and Edward Stella, Jr., has been “Vice President of Project Development” and a “Director” for all of a month.

A press released based blurb provides two sources for more information:

Robert Demos, Jr., President & CEO of Atlantic Green Power Holding Company


Howard Greene, Greene Inc., and CLICK HERE FOR GREENEINCPR.COM — HA!!

So now, let’s look at Lodestar Mining… from their site, their ONLY press release listed posts these links for Atlantic Green Power and Lodestar.  CLICK ON THESE LINKS THAT THEY PROVIDED:

AGPH per yahoo

So keep digging – here are their SEC filings

LGST – their own link says “There are no All Market results”


CLICK HERE for Lodestar’s 10-Q for the year ending June 30, 2008, with this statement:


From their 10-K regarding their one option contract:

And this snippet:

And again, a statement of its tenuous existence as a going concern:

These financial statements have been prepared on a going concern basis, which implies the Company will continue to realize its assets and discharge its liabilities in the normal course of business.  The Company has never generated revenues since inception and has never paid any dividends and is unlikely to pay dividends or generate earnings in the immediate or foreseeable future.  The continuation of the Company as a going concern is dependent upon the continued financial support from its shareholders, the ability of the Company to obtain necessary equity financing to continue operations and to determine the existence, discovery and successful exploration of economically recoverable reserves in its resource properties, confirmation of the Company’s interests in the underlying properties, and the attainment of profitable operations.  The Company has had very little operating history to date.  These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.  These factors raise substantial doubt regarding the ability of the Company to continue as a going concern.


And again, the solar project particulars:

Pittsgrove Solar Farm


Something that caught my eye on their site — which is repeated in the SEC 3Q 10-Q filing — a press release that talks about the ARRA incentive, a 30% cash payment in lieu of federal investment tax credit, and federally guaranteed loans and a 30% investment tax credit.  Seems ALL of those would apply here, so let’s say Mr. Stella is  “motivated.”

In the U.S., the American Recovery and Reinvestment Act stimulus bill of 2009 (ARRA) contains several provisions designed to alleviate renewable energy project financing constraints resulting from the economic downturn.

The ARRA establishes a temporary grant program that will allow commercial solar customers to receive a cash payment to cover 30% of the cost of installing solar equipment in lieu of the federal investment tax credit. The ARRA also appropriated $6 billion for a new loan guarantee program which the government estimates could support up to $60 billion of loans specifically for renewable energy and transmission projects. In addition, ARRA includes up to $2.3 billion for a new 30% investment tax credit for U.S. based renewable energy product production facilities.

Here’s the article from Today’s Sunbeam:

512-acre solar farm proposed in Upper Pittsgrove Township

By Today’s Sunbeam

March 13, 2010, 6:42PM

UPPER PITTSGROVE TWP. — Cropland here may see a new use in the near future after plans were submitted to the Upper Pittsgrove Township Planning Board to construct a 512-acre solar farm here.

The plans call for the solar farm to be spilt into two separate sections— an east site and west site. The land is currently owned by Ed Stella and will be leased to Atlantic Green Power based of Egg Harbor Township, officials say.

“We are talking about a total 72 Megawatts that will be generated,” said Richard M. Hluchan, Stella’s lawyer. “That is enough electricity to service 7,000 homes.”

The east site in total is comprised of 177 acres of farmland located near the intersection of Route 40 and Burlington Road. Ninety acres of that property will be used for solar panels, said Hluchan.

The west site will be located along Route 77 and its intersections with Newkirk Station Road, Colson Road, Bridgeton Road and Jefferson Road. Of that 681-acre property, 422 acres will be used for solar panels, said Hluchan.

“The panels will not be set up in one large mass section,” said Hluchan. “The east site will be split into three sections and the west will be split into 10.”

Extensive landscaping will surround the facility minimizing the eyesore of the panels with trees. Fencing will also be put up for security.

“I understand this is a sensitive concern of the community,” said Hluchan. “Its new and different something they are not used to seeing so we are doing all we can through landscaping and so forth to minimize the view.”

The 512-acre solar project still needs approval from the Upper Pittsgrove Township Planning Board. Due to the scope of the project, residents here will be given their due diligence to discuss what they see as the positives and negatives of the proposal at a public hearing on Thursday, 7:30 p.m., at the township hall.

Mayor Jack Cimprich could not comment directly on this project because he is a member of the planning board, but he did say that the township has received a influx of applications for these types of renewable energy solar projects.

“Its going to be a tough road for these applications to take farm ground out of farming and show how that fits our master plan,” said Cimprich. “Its got to be good for the agricultural nature of this township.”

Hluchan said there are very drawbacks to installing solar panels.
“They basically sit there and absorb the rays of the sun and that turns in electricity.”

Cimprich said there are two types of solar farms — ones for personal use and ones for commercial use. Private solar farms are used to provide energy back to the facility itself while commercial farms are selling the energy.

Upper Pittsgrove already has a number of private solar projects including one at the Upper Pittsgrove School and another on the township building which will be completed by the end of this month.

“I’m very much in favor of renewable energy and the good that it provides to society. It’s a good move because it helps to reduce air pollution and the reliance we have on other fossil fuels,” said Cimprich.

“It’s time we start providing our own energy and that is all part of the equation, but at the same time we have to do what’s best for the residents of Upper Pittsgrove.

Atlantic Green Power will be holding an informational meeting presenting an in-depth look into the design and benefits behind the proposed solar farm at Stella Farms on Tuesday from 6 to 8:30 p.m. at the Elmer Grange Hall.

… means, motive and opportunity…

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