25 Aug '14, 3pm

Verizon to Invest $40 Million to Triple Its Solar Power Capacity

Verizon to Invest $40 Million to Triple Its Solar Power Capacity

SunPower Corp. will install 10.2 megawatts of solar power at eight Verizon sites in New York, California, Maryland, Massachusetts and New Jersey, the New York-based telecommunications company said today in a statement. The New York-based company invested $100 million last year for about five megawatts of solar capacity and 10 megawatts of fuel cells that were installed at six sites. The new capacity will give Verizon the most solar-generating capacity of any U.S. telecommunications company, according to the Washington-based trade group Solar Energy Industries Association. “Solar is a proven technology,” James Gowen, Verizon’s chief sustainability officer, said in an interview. “It didn’t hurt that the technology is getting better and prices are coming down.” The investment in new rooftop, parking-structure and ground-mounted systems comes as prices for solar panels have pl...

Full article: http://www.renewableenergyworld.com/rea/news/article/2014...

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