Munich Re To Install 2.5 MW PV System


Munich Reinsurance America (Munich Re) and SunPower Corp. have entered an agreement under which SunPower will design and build a 2.5 MW solar power system at Munich Re's Plainsboro, N.J., facility.

SunPower will install its solar panels on a carport structure that will provide shade for the facility's parking lot while reducing annual electricity costs by almost $500,000, according to the companies. Construction on the system will begin this year, and the project is expected to be operational in the second half of 2012.

Munich Re will sell the solar renewable energy certificates and environmental benefits associated with the system.

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