Tuesday, March 30, 2010

Constellation Energy completes solar and wind installation for University of Toledo

BALTIMORE, USA: Constellation Energy (NYSE:CEG) today announced that its subsidiary, Constellation Energy’s Projects & Services Group, has completed installation of a 1.2 megawatt solar and wind power system at the University of Toledo’s Scott Park Campus of Energy and Innovation in Toledo, Ohio.

The campus will utilize solar and wind power to generate electricity and the university’s commitment to sustainability also provides students with firsthand educational experiences with renewable technologies.

“Renewables have a twofold importance for colleges and universities that are looking to improve their sustainability and expose students to careers in alternative energy,” said Mark Huston, managing director of retail energy, Constellation Energy. “We are proud to have developed this project with the University of Toledo and look forward to years of clean energy production as well as years of inspiration for a generation of students that will embark on green careers.”

“The creation and production of clean, renewable energy sources is vital to the way we power our world. That’s why The University of Toledo created the Scott Park Campus of Energy and Innovation,” UT President Dr. Lloyd Jacobs said. “Our relationship with Constellation Energy for the solar and wind electric generation systems on that campus will help students and researchers advance the technology that will power our future.”

The project utilizes thin-film-on-glass photovoltaic solar technology that was originally developed based on research at the University of Toledo. Constellation Energy’s Projects & Services Group also installed a 132-foot wind turbine at the site.

Together, the solar and wind systems are expected annually to generate power equivalent to the amount of electricity used by 140 homes in a year. Generating that same amount of electricity using non-renewable sources would result in the release of more than 1,000 metric tons of carbon dioxide, a greenhouse gas, and the equivalent of the emissions from 200 passenger vehicles annually.

Constellation Energy finances, designs, constructs and owns these solar installations and supplies power generated on-site to the customer over a period of 15 to 20 years. This creates an attractive and affordable model that requires no upfront capital from customers, such as The University of Toledo, and reduces customers’ use of power from the electrical grid and associated carbon emissions.

Constellation Energy’s Projects & Services Group has developed a number of renewable energy projects for universities throughout the U.S., including a 17.1 megawatt system under development on the grounds of Mount St. Mary’s University in Emmitsburg, Md., that will be one of the largest solar installations in the US, when completed.

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