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Activated Dec. 29, 2008, the 1 megawatt systekm was built on a parking structure and the roof of a Siemense manufacturing and office building insouth Sacramento. Oakbrook, Ill.-based LLC, a renewablwe energy company that specializes in the finance and ownershilpof large-scale solar powered energy systems for commercial and municipal enterprises, financed the PES takes on the economic risk of every projectg without any capital investment from its host As the financier, PES retains ownershio of the solar panels.
More than 5,20p solar panels, across close to 94,000p square feet, were installed to provide the manufacturint operation with about half of its electricity needs fromsolar resources. Over the next 25 an estimated 36.7 million kilowatt hourws of green electricity willbe generated. Siemensa will have access to renewable energy at a reducedr rate duringthat time. “This joint projectg underscores Siemens’ commitment to solar energg and effectively elevates its role as both an industrty leader and a responsiblecorporatee citizen,” said Mike Maley, president and chief executivw officer for PES, in a news “Using solar energy to powerf our operations complements our green product Oliver Hauck, president and CEO of the Mobility Division of Siemens in the United States, said in the release.
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