(Greenwich, CT) – Altus Power Management announces the interconnection of a 100 kW solar photovoltaic system located on the roof of Institute of Electrical and Electronics Engineers, Inc. (IEEE) in Piscataway, NJ. IEEE signed a long-term solar Power Purchase Agreement (PPA) with Altus Power earlier this year and Deutsche Eco USA designed and installed the solar system on the IEEE premises. IEEE continues its commitment to reducing its carbon footprint by offsetting a large portion of electrical usage from fossil fuel with the use of locally-generated solar energy.
The system will generate approximately 120,000 kilowatt hours of electricity annually from the 405 solar panels. IEEE will receive energy from Altus Power at a price discounted from the rate it pays to the utility, making this an environmentally and economically beneficial deal for IEEE.
Altus Power will participate in the New Jersey Solar Renewable Energy Certificate (SREC) program, which continues to make long-term solar energy PPAs appealing. This deal is Altus Power’s third project in New Jersey, and is a strong addition to their rapidly growing solar portfolio.
About Altus Power Management
Altus Power Management, LLC is an Old Greenwich, CT-based company that invests in, owns and manages clean energy projects. Its principals draw on their deep expertise in finance, construction, engineering and design to provide renewable energy and solar solutions to commercial and public sector clients. Visit www.altuspower.com for more information.
IEEE is the world’s largest professional technical association that is dedicated to technology innovation for the benefit of humanity. IEEE is an association composed of engineers, scientists, and allied professionals, including: computer scientists, software developers, and information technology developers. The 25 year PPA with Altus Power demonstrates IEEE’s dedication to a sustainable global future through the use of a major solar energy project on their campus. For more information regarding IEEE and their commitment to technology and innovation, visit www.IEEE.org.
About Deutsche Eco USA
Deutsche Eco USA has over 12 years of expertise in solar panel construction. Deutsche Eco is a system integrator, working to choose a set of components and technologies that best fit each solar site. Deutsche Eco works in cooperation with the New Jersey solar development company, Solus Energy LLC, who constructs, operates, and maintains solar photovoltaic systems. To learn more about Deutsche Eco visit www.usa.deutsche-eco.com.