Fifth Third Accepts Award for Top 10 Solar Recognition
November 20 2019 - 12:03PM
Business Wire
Solar Energy Industries Association
acknowledges Fifth Third’s Corporate Solar Leadership
Fifth Third Bancorp was recognized by the Solar Energy
Industries Association (SEIA) for inclusion in its seventh annual
Solar Means Business Report. Fifth Third’s Director of
Environmental Sustainability Scott Hassell accepted the award at
the Solar Goes Corporate: Where Clean Energy Buyers and Providers
Converge conference in Washington, D.C. on Nov. 7.
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Fifth Third’s Director of Environmental
Sustainability Scott Hassell accepts a Top 10 Corporate Solar
Purchaser Award from Mike Smith, chief business officer of the
Solar Energy Industries Association. (Photo: Business Wire)
The Solar Means Business Report follows solar adoption by
businesses across the U.S., ranging from some of the country’s
largest and most recognizable brands to the small businesses that
make up communities. According to the SEIA, U.S. businesses are
increasingly turning to solar energy as a cost-effective means of
powering their operations. “As of 2018,” says the SEIA website,
“Apple leads the nation with the most solar capacity installed,
followed closely by Amazon, Target, Walmart and Switch.”
Fifth Third debuted in the report at number 10 for its 80
megawatt Aulander Holloman Solar Facility in Hertford County, North
Carolina, which came online in 2019. The facility is expected to
produce as much clean power as Fifth Third uses in one year, making
it the first Fortune 500 company in the world to achieve 100%
renewable power through a single, solar power project. Aulander
Holloman was developed through an innovative virtual power purchase
agreement that Fifth Third announced in 2018. SunEnergy1 developed
the facility.
The Aulander Holloman Solar Facility is one of the largest solar
projects in the United States. The system includes more than
350,000 solar panels using single-axis tracking systems and more
than 2,000 inverters and related subsystems. It is rated at 80 MW
AC, which measures how much power the project can send to the
electric power grid at any given time. The facility consists of
roughly 120 MW DC of solar panels enabling the project to generate
approximately 202,000 megawatt hours (MWh) of electricity per
year.
About Fifth Third
Fifth Third Bancorp is a diversified financial services company
headquartered in Cincinnati, Ohio and the indirect parent company
of Fifth Third Bank, National Association, a federally chartered
institution. As of September 30, 2019, Fifth Third had $171 billion
in assets and operated 1,143 full-service banking centers and 2,487
ATMs with Fifth Third branding in Ohio, Kentucky, Indiana,
Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia and
North Carolina. In total, Fifth Third provides its customers with
access to approximately 53,000 fee-free ATMs across the United
States. Fifth Third operates four main businesses: Commercial
Banking, Branch Banking, Consumer Lending and Wealth & Asset
Management. Fifth Third is among the largest money managers in the
Midwest and, as of September 30, 2019, had $397 billion in assets
under care, of which it managed $46 billion for individuals,
corporations and not-for-profit organizations through its Trust and
Registered Investment Advisory businesses. Investor information and
press releases can be viewed at www.53.com. Fifth Third’s common
stock is traded on the Nasdaq® Global Select Market under the
symbol “FITB.” Fifth Third Bank was established in 1858. Deposit
and Credit products are offered by Fifth Third Bank, National
Association. Member FDIC.
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Stacie Haas (Media Relations) Stacie.Haas@53.com |
513-534-5113
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