UPS says it has now invested in two solar power projects at its distribution facilities in Parsippany, N.J., and Secaucus, N.J. The 1.2 MW Parsippany project was completed in fall 2012, and the 1.2 MW Secaucus project is planned for completion this spring.
In all, the completion of these projects will expand UPS' solar power generating capacity from 360 kW to 2.76 MW and will produce in excess of 3 million kWh of renewable energy annually, the company says.
For its PV arrays, UPS has opted for a business model under which it develops, engineers and purchases the projects directly. It also oversees construction and operates the arrays in-house. UPS says it decided to finance and build its own solar projects following a drop in solar panel installation costs, continued improvements in the technology and the availability of supportive government incentives.