United Solar, a leading global manufacturer of building-integrated and rooftop photovoltaics under its UNI-SOLAR® brand – and a wholly owned subsidiary of Energy Conversion Devices (Nasdaq:ENER) – today announced it has signed an agreement to supply 3.9 megawatts of solar laminates to New Jersey Resources Clean Energy Ventures (NJRCEV) and Adler Development of Edison, NJ.
Recognizing the value of green buildings and potential energy savings for its tenants, Adler, a New Jersey family-owned and operated development company specializing in warehouse and flex space, will lease over 900,000 square feet of roof space to NJRCEV for a period of 20 years, helping reduce its facilities' carbon emissions by 3,200 tons per year. Tenants of the buildings will be offered a Power Purchase Agreement from NJRCEV.
Initial engineering prep work has begun on four Adler Development rooftops in NJ and solar modules are currently being produced and shipped from United Solar's high-tech manufacturing plant in Auburn Hills, Michigan. Estimates are that PV power from this project will be on the grid by early autumn. Also assisting with project execution is United Solar channel partner Advanced Green Technologies of Fort Lauderdale, Florida.
"This is a significant opportunity for United Solar to highlight its suite of UNI-SOLAR rooftop products that showcase our industry leading flexible, thin-film, low impact and low profile solar laminates," said Mark Morelli, President and CEO of United Solar's parent company, Energy Conversion Devices. "New Jersey Resources and the state of New Jersey have shown great leadership in embracing the use of solar power as a clean, reliable and effective alternative energy source and we look forward to creating more opportunities there in the near future."