SunPower completes solar power system for Bloomberg

SunPower Corp. (NASDAQ: SPWR) has announced the completion of a 1.8 MW solar power system in Skillman, N.J. for Bloomberg news agency. The eight-acre, ground-mounted solar tracking system is generating the equivalent of 58 percent of electricity demand at the 100,000-square-foot main building at Bloomberg's  campus in Skillman. It is the first completed renewable energy project at a Bloomberg facility.

Bloomberg is buying the power generated from the system at prices below retail rates, providing a long-term hedge against rising power prices with no initial capital investment. The system is owned by a subsidiary of Integrys Energy Services Inc., which is also selling the solar renewable energy credits and environmental attributes associated with the project. The system is being partially financed through PSE&G's Solar Loan Program, through which PSE&G offers low-interest loans for solar power development.

Read more on-site renewables news

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...