NJR Clean Energy Ventures and CertainTeed Corporation Announce New Rooftop Solar Project
July 29 2010 - 11:10AM
Business Wire
NJR Clean Energy Ventures (NJRCEV), a subsidiary of New Jersey
Resources (NYSE: NJR), today announced an agreement with
CertainTeed Corporation, North America’s leading manufacturer of
building products, to lease space atop its fiberglass insulation
distribution facility in Berlin, New Jersey, for a rooftop solar
system. Developed with United Solar’s technical expertise, the
system will use thin-film laminates to generate 870 kilowatts of
clean, renewable energy and help reduce the building’s carbon
footprint. United Solar is a leading global manufacturer of
UNI-SOLAR® brand light-weight, flexible, thin-film, low impact and
low profile solar panels.
“Through innovative solar projects like our partnership with
CertainTeed, we are helping to make renewable energy a viable
choice for New Jersey’s commercial and industrial businesses and
build up the renewable energy marketplace in our state,” said
Laurence M. Downes, chairman and CEO of NJR. “We will continue to
look for profitable opportunities in the solar and renewable energy
markets that will help customers save money, advance the state’s
renewable energy goals and grow the business.”
NJRCEV will lease more than 300,000 square feet of roof space
from CertainTeed for a period of 20 years and has entered into a
concurrent Power Purchase Agreement with the company. As a part of
this $5 million project, NJRCEV will install a new roof with
state-of-the-art roof materials and thin-film solar laminates,
which will provide the dual benefit of weather protection and clean
energy. The solar system is expected to provide nearly 90 percent
of the building’s electric needs and help transform the facility
into a green building by eliminating more than 800 tons of carbon
dioxide emissions annually.
“The Berlin solar roof project demonstrates the true strength of
partnerships when it comes to mitigating the impact on the
environment,” said Peter Dachowski, president and CEO of
CertainTeed Corporation. “CertainTeed is wholeheartedly committed
to serving as a responsible steward of the environment and our
community by incorporating sustainable practices in the design of
our buildings and manufacturing of our building products.”
CertainTeed is a subsidiary of Saint-Gobain, one of the top 100
industrial companies in the world. Saint-Gobain employs
approximately 19,000 people in North America and more than 190,000
people in 64 countries world-wide. Saint-Gobain’s North American
companies operate nearly 200 manufacturing facilities in industries
as diverse as industrial ceramics and containers, reinforcements
and flat glass, abrasives, and building materials.
Investments made by NJRCEV will qualify for a 30 percent federal
investment tax credit. Revenues generated from the Power Purchase
Agreement will provide additional return on investment. The energy
produced also will be eligible for Solar Renewable Energy
Certificates (SRECs), which can be sold to load serving entities in
New Jersey to meet their renewable energy requirements. This
rooftop solar system is projected to generate more than 1,000 SRECs
annually.
The project is expected to be operational by January 2011, and
will create up to 25 direct and indirect jobs in the state.
New Jersey Resources, a Fortune 1000 company, provides reliable
and renewable energy and natural gas services including
transportation, distribution, and asset management in states from
the Gulf Coast to the New England regions, including the
Mid-Continent region, the West Coast and Canada, while investing in
and maintaining an extensive infrastructure to support future
growth. With over $2.5 billion in annual revenues, NJR safely and
reliably operates and maintains 6,700 miles of natural gas
transportation and distribution infrastructure to serve nearly half
a million customers; develops and manages a diverse portfolio of
more than 2.3 Bcf/day of transportation capacity and 50 Bcf of
storage capacity; and provides appliance installation, repair and
contract service to approximately 144,000 homes and businesses.
Additionally, NJR holds investments in midstream assets through
equity partnerships including Steckman Ridge and Iroquois. Through
Conserve to Preserve®, NJR is helping customers save energy and
money by promoting conservation and encouraging efficiency. For
more information about NJR, visit www.njliving.com.
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