Mon May 11, 2009 7:00am EDT
1.0 Megawatt System Will Produce Green Energy for the Manufacturing of Light
Rail Vehicles
CHICAGO--(Business Wire)--
Perpetual Energy Systems (PES), comprehensive financier of solar-powered
renewable energy systems, and Siemens Transportation Systems (STS), part of the
Siemens Mobility Division, announces the activation of a 1.0 megawatt (MW) solar
energy installation, the largest privately owned system of its size in the city
of Sacramento.
The system, which was activated on December 29, 2008, was built on a parking
structure and the roof of a manufacturing/office building at the STS Sacramento
facility. The company will host the system for 25 years during which an
estimated 36,736,724 kilowatt hours (kWh) AC of green electricity will be
generated. More than 5,200 photovoltaic panels, occupying nearly 94,000 square
feet, were installed to provide the manufacturing facility with nearly 50
percent of its electricity needs from renewable solar resources.
"Partnering with Siemens Transportation Systems to provide renewable energy for
the manufacturing of zero-emission vehicles was a natural fit and an honor for
us," says Mike Maley, president and CEO of PES. "This joint project underscores
Siemens` commitment to solar energy and effectively elevates its role as both an
industry leader and a responsible corporate citizen."
PES combined conventional financing, construction and permanent debt and equity,
with the federal energy tax credits program to fund the entire installation
without capital investment from STS. As the financier, PES retains ownership of
the solar panels as well as the renewable energy certificates and carbon credits
determined by the system`s actual kilowatt hour output.
"Using solar energy to power our operations complements our green product
portfolio. We produce zero-emission transportation options for people, and we`re
doing so using solar power," stated Oliver Hauck, president & CEO of the
Mobility Division of Siemens in the U.S.
During the 25-year contract term, STS will have access to renewable energy at a
reduced rate at the facility. Siemens Building Technologies served as the
general contractor for the project and MBL and Sons will provide ongoing
maintenance and operations for the duration of the agreement.
According to California Energy Commission`s Clean Power Estimator the new 1 MW
photovoltaic system will prevent 737 tons of CO2 from being released into the
environment each year, the equivalent of removing 7,933 cars from the nation`s
roads or planting approximately 200 acres of trees each year.
For more information about the Siemens Transportation Systems energy project or
to speak with a representative of Perpetual Energy Systems or Siemens
Transportation Systems, please contact Don Canfield at 303-682-3942 or
don@linnelltaylor.com. Photos of the solar installation are available upon
request.
About Perpetual Energy Systems
Perpetual Energy Systems is a comprehensive developer of solar powered renewable
energy systems, providing solar energy power to industrial, commercial and
municipal enterprises. Without the need for capital expenditure outlays,
recipients benefit from reduced utility costs, access to sustainable energy
sources and a significant reduction in carbon outputs through clean energy
technology. Perpetual Energy Systems combines renewable energy tax credits with
conventional financing to achieve the design, construction, installation and
operations of large-scale solar energy systems. For more information, please
contact Mike Maley by calling 630-873-3648, e-mailing mike.maley@goperpetual.com
or by visiting www.goperpetual.com.
LinnellTaylor Marketing
Don Canfield, 303-682-3942
Vice President
don@linnelltaylor.com
Copyright Business Wire 2009
