Bloomberg’s Skillman, New Jersey campus has a new arrival and its first renewable energy project: an eight-acre, ground-mounted solar tracking system generating 58% of the 100,000 sq ft building’s energy demands.
The media conglomerate is purchasing the generated solar power at below retail prices, providing a long-term hedge against rising power prices without initial capital investment. The system is owned by a subsidiary of Integrys Energy Services, Inc., which is also selling the solar renewable energy credits and environmental attributes associated with the project. The system is being partially financed through PSE&G’s Solar Loan Program, through which PSE&G offers low-interest loans for solar power development.
The system uses high-efficiency SunPower solar panels with the SunPower® T0 Tracker system. The Tracker follows the sun’s movement during the day, increasing sunlight capture by up to 25% over conventional fixed-tilt systems, while significantly reducing land use requirements.
"Renewable energy development is a core part of Bloomberg’s overall commitment to environmental sustainability. This significant solar installation contributes to Bloomberg’s environmental and financial goals, and diversifies New Jersey’s energy supply with reliable, clean and affordable power," said Curtis Ravenel, global head of sustainability for Bloomberg.
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