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May 12, 2008 – Vol.13 No.8 PPL, Schering-Plough to Build Largest Rooftop Solar Installation in US. The 1.7-megawatt solar system will be built on eight rooftops on buildings throughout Schering-Plough's campus in Summit, NJ. The project is expected to be operating by the end of 2008. PPL Renewable Energy will own and operate the system and supply power to Schering-Plough. The renewable energy credits will be purchased by PPL EnergyPlus, the company's unregulated energy marketing affiliate, as part of a coordinated effort to increase development of renewable energy projects. Schering-Plough will use the solar power generated toward its target of reducing greenhouse gas emissions by 5 percent by 2012. The system will reduce carbon dioxide emissions by about 1.3 million pounds each year, equivalent to conserving 65,900 gallons of gasoline.
PPL Renewable Energy, a subsidiary of PPL Corporation, develops, owns, operates and maintains renewable energy projects in the northeastern United States. Over the next five years, the company plans to invest at least $100 million in new renewable energy projects, including solar, landfill gas and biomass plants. Schering-Plough is a global health care company. (5/12/08)
Links: PPL Renewable Energy PPL Corporation Schering-Plough
Related: PPL Partners with Vermont Landfill to Develop 4.8-Megawatt Methane-to-Electricity Facility.
Disclaimer, Forward-Looking or Safe Harbor Statement on original press release: No
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