UPS Invests $18 Million In On-Site Solar
UPS announced plans to significantly escalate its investment in solar energy as an owner/operator of solar assets starting with at least eight of its facilities in the U.S. The installations will be completed by the end of 2017. The estimated $18 million investment will provide a nearly five-fold increase in the amount of power generated from solar at UPS facilities today. With more than 2,580 UPS facilities worldwide, UPS is ideally positioned to expand its investment in renewable energy. UPS expects additional solar deployments to occur over the next several years as it identifies suitable opportunities. The completion of these projects will expand UPS’s owned solar power generating capacity by almost 10 megawatts. The combined power produced from these projects is equivalent to providing electricity to approximately 1,200 homes annually. The expanded solar portfolio is expected to reduce carbon emissions by approximately 8,200 metric tonnes per year. click Read More below for additional detail