FollowMunich Reinsurance America (Munich Re) and SunPower Corp. on June 16th, 2011 announced that SunPower will design and build a 2.5-megawatt solar photovoltaic (PV) power system at Munich Re’s Plainsboro, N.J. facility.
SunPower will install its high-efficiency solar panels on a carport structure that will provide shade for the facility’s parking lot while reducing annual electricity costs by almost $500,000.
SunPower solar panels are guaranteed to deliver more solar energy per square foot than all other solar panels on the market today
Solar carport system to maximize solar power generated onsite
“The success of our core business is inextricably linked to environmental protection, so a sustainable approach is an indispensable component of our business strategy,” said Tony Kuczinski, president and CEO of Munich Reinsurance America.
“With the benefit of SunPower’s experience and technology, our solar carport system will maximize the solar power generated onsite, optimizing our savings and reducing the need for the public utility to burn fossil fuel. It’s good for business, our community and the environment.”
The system will also help New Jersey meet its renewable energy goals
“SunPower solar panels, the most efficient available, are guaranteed to perform for 25 years, delivering more solar energy per square foot than all other solar panels on the market today,” said Tom Leyden, managing director at SunPower.
“As a result, Munich Re will enjoy significant longterm economic benefits of this solar carport system, maximizing the return on their investment. The system will also help New Jersey meet its renewable energy goals.”
Construction on the system will begin this year, and it will be operational in the second half of 2012. Munich Re will sell the solar renewable energy certificates (SRECs) and environmental benefits associated with the system, enabling the regional utilities to meet their renewable portfolio standard requirements.
