VERIZON’S $40MIL SOLAR BUY

Verizon Announces $40 Million Solar Energy Investment

Kiley Kroh, August 25, 2014 (Climate Progress)

“…Verizon Wireless Inc. [the biggest U.S. wireless carrier] will invest $40 million into 10.2 megawatts (MW) of solar power…at eight Verizon network facilities in California, Maryland, Massachusetts, New Jersey, and New York…[They] will nearly double the amount of power the company derives from solar energy…[Solar is] a key component of the company’s sustainability plan…[according to the company, and] the steadily declining cost of solar power made it a smart financial move…Rhone Resch, president of the Solar Energy Industries Association (SEIA), said the latest move by Verizon puts the company at the top of U.S. telecom companies investing in solar power…[and by year’s end] Verizon will be among the top 20 of all companies nationwide [in number of solar installations and solar generating capacity]…Last year, Verizon announced a $100 million investment in a combination of solar panels and fuel cell technology, a decision it predicted would not only lower utility bills and emissions but also improve the reliability of its operations…” click here for more

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