Global financial information and education organization McGraw-Hill Companies announced June 13 plans to build the largest "privately-owned, net-metered solar project in the Western Hemisphere."
The 14.1 megawatt solar power plant will provide electricity for the company's operations, including the running of a datacenter that delivers Standard & Poor's RatingsDirect; Connect, McGraw-Hill's teaching and learning platform for higher education; and Platts' price assessments for liquefied natural gas. It is expected to cut the company's lobal carbon emissions by 10 percent annually, and significantly reduce the company's long-term electricity costs.
The ground mount solar array which will be operated by NJR Clean Energy Ventures will produce 18 million kWh a year, annually, eliminating about 10 percent of McGraw-Hill's global carbon emissions, or the equivalent of removing 2,488 cars from the roads.
NJRCEV is spending $60 million for the installation of the system by Advanced Solar Products of Flemington, and its development on a 50-acre lot using a ballasted racking system that does not need ground penetrations, making it even more environmentally-friendly.
The system is expected to be at 50 percent capacity by December 2011, and the remaining 50 percent in March 2012.
McGraw-Hill also intends to plant 25 acres of trees to surround the solar panels.
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