SECAUCUS, N.J. and BOULDER, Colo., Jan.
25, 2013 /PRNewswire-iReach/ -- 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 goal 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, outlined in the pledge made by former
CU-Boulder Chancellor G.P. "Bud" Peterson to the American College
and University President Climate Commitment.
(Photo:
http://photos.prnewswire.com/prnh/20130125/CG48529)
"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."
About the University of Colorado
Boulder
As the flagship University of the State
of Colorado, CU-Boulder is a dynamic community of scholars
and learners situated on one of the most spectacular college
campuses in the country. As one of the U.S. public institutions
belonging to the prestigious Association of American Universities
(AAU), CU-Boulder has a proud tradition of academic excellence,
with five Nobel laureates and more than 50 members of prestigious
academic academies. Today, with its sights set on becoming the
standard for the great comprehensive public research universities
of the new century, CU-Boulder strives to serve the people of
Colorado and to engage with the
world through excellence in teaching, research, creative work, and
service. For information visit
http://www.colorado.edu/cusustainability.
About Renewable Social Benefit Funds, L3C
Renewable Social Benefit Funds, L3C (RSB Funds), is an alternative
energy company focused exclusively on bringing solar power to
socially responsible corporations, hospitals, schools, low-income
housing projects, water districts, universities, airports,
municipalities and other governmental and tax-exempt
entities. As a Low-profit, Limited Liability Company (L3C),
RSB Funds is able to assist tax exempt entities by freeing up much
needed funds from electrical overhead expense to be allocated to
core programs. For corporate clients the firm turns Corporate
Social Responsibility (CSR) programs from an expense line item to a
revenue line items allowing them to have a more significant effect
with their programs RSB Funds is a trusted solar partner that
provides guidance to our, corporate or tax-exempt partners and
investors every step of the way — from the initial decision, to
installation and operation, and finally, when appropriate, exit. To
learn more about the company, visit
http://www.rsbfunds.com/about/
About Panasonic Eco Solutions North America
Panasonic Eco Solutions North America is a division of Panasonic
Corporation of North America, the
principal North American subsidiary of Panasonic Corporation (NYSE:
PC). The company provides a full range of renewable energy and
energy efficiency solutions including the planning, implementation,
financing, and maintenance to corporate and private sector
organizations in both the U.S. and Canada. For enterprise customers, the company
develops customized and integrated solutions technology-based
solutions. To learn more about the company and its eco solutions,
visit www.panasonic.net/eco.
Media Contact: Aaron Fowles Panasonic Corporation of
North America, 619-661-2223,
aaron.fowles@us.panasonic.com
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SOURCE Panasonic Corporation of North
America