More than 5,200 photovoltaic panels, occupying nearly 94,000 square feet, were installed to provide the manufacturing facility with nearly 5% 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 chief executive officer 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 & chief executive officer 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.
