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Solar Installation in University by Panasonic

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15:5428 January 2013

Secaucus, NJ and Boulder, CO (January 25, 2013) --- Panasonic Eco Solutions North America announces that it has completed a 500 kW solar photovoltaic (PV) power generation installation at the University of Colorado Boulder (CU-Boulder). The system was developed and built by Panasonic with local support from Lighthouse Solar. Financing was provided by a subsidiary of Renewable Social Benefits Fund ("RSBF"), which works with Panasonic to finance distributed generation solar projects in the US and US territories. The new installation will help the university meet its short-term goals of powering the campus with green energy, reducing energy usage and cost, while fulfilling part of its long-term goal for a carbon-neutral campus, as outlined in the pledge made by former CU-Boulder Chancellor G.P. "Bud" Peterson to the American College and University President Climate Commitment. 

"For more than half a century, CU-Boulder has been a leader in climate and energy research, interdisciplinary environmental studies programs and engaging in sustainability and "green" practices both on campus and in the larger world," said Moe Tabrizi, campus Sustainability Director for CU-Boulder. "This project complements and extends our commitment to leveraging solar power throughout our campus to provide power in a low cost and responsible manner." 

The CU-Boulder solar installation is on the university's East Campus, in the heart of the 220-acre CU Research Park, home to the University of Colorado's Laboratory for Atmospheric and Space Physics (LASP), Center for Astrophysics and Space Astronomy (CASA) and the Jennie Smoly Caruthers Biotechnology Building. The 500 kW ground-mounted solar panels will provide clean energy power generation to both research facilities and buildings throughout the Boulder campus. 

"The University of Colorado Boulder will benefit from this system solution for years to come in long-term energy cost savings and Panasonic is proud to help the university advance its own forward-thinking environmental and sustainability practices," commented Jamie Evans, Director of Project Finance for Panasonic Eco Solutions North America. "It's a comprehensive solution of this nature that Panasonic, in partnership with Coronal Management, is also bringing not only to the educational sector but to both the municipal and social minded corporate sectors as well." 

Jonathan Jaffrey, President of Coronal Management LLC (formed by the principals of Renewable Social Benefits Fund), added, "Working together with Panasonic, we have found a way to combine our financial resources with Panasonic's solar expertise and corporate strength to fund, build and maintain solar PV projects under 20MW across North America."

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