Emory Adding 15,000 Solar Panels | #Verdafero #SolarEnergy #Solar #Schools | adding to its sustainability initiatives. The Atlanta-based institution will be installing more than 15,000 solar panels on 16 campus buildings. That represents 5.5 megawatts of solar generation, enough to produce about a tenth of the university’s peak energy requirements. (www.spaces4learning.com)
Emory recently awarded a 20-year contract to Cherry Street Energy for the project. The energy company will install solar photovoltaic panels on building rooftops and parking structures across the university as part of a solar energy procurement agreement (SEPA). Emory will provide no upfront capital on the project, and it will buy the power at rates lower than what is charged by the utility. Construction was expected to start this month.
Under a SEPA a third-party company owns, runs and maintains the solar system and benefits from the tax credits and income made by the generation of power. The customer provides the real estate and commits to buying the electric output for a set period.