ORLANDO, USA: Siemens Energy Inc. has been selected by Syncarpha Capital to provide engineering, procurement and construction services for a 3-megawatt-peak (MWp), ground-based PV power plant in Eastampton, New Jersey. Construction is scheduled to begin in May 2011 and the plant is scheduled to go online in September 2011.
Syncarpha Capital, an investment company launched to capitalize on opportunities in the alternative energy sector, will finance the solar power plant. Utilizing proven Siemens technology and plant performance guarantees, the solar facility will help to satisfy New Jersey's rapidly growing demand for renewable power.
"Siemens is proud to partner with Syncarpha Capital to install solar generating capacity in New Jersey, and we look forward to working in concert on what we expect to be the first of many such projects," stated Thomas Mart, director, PV, Siemens Energy, Inc. "This order plays an important role in the continued development of our photovoltaic business."
Solar power is part of Siemens' Environmental Portfolio. In fiscal 2010, revenue from the Portfolio totaled about $35 billion, making Siemens the world's largest supplier of environmentally friendly technologies. In the same period, our products and solutions enabled customers to reduce their carbon dioxide (CO2) emissions by 270 million tons, an amount equal to the total annual CO2 emissions of the megacities Hong Kong, London, New York, Tokyo, Delhi and Singapore.