JC Penny To Install Solar and Wind Power

[OKIsItJustMe]

http://www.sustainablebusiness.com/index.cfm/go/news.display/id/16577

JC Penny To Install Solar and Wind Power

08/14/2008
SustainableBusiness.com News

J. C. Penney Company, Inc. (NYSE: JCP) announced plans for solar and wind power projects that will supply electricity to 10 stores and one distribution center. In conjunction with these initiatives, JCPenney also announced plans to obtain Energy Star certification for at least 200 stores.

JCPenney has engaged SunPower Corporation (Nasdaq:SPWR) to install solar power systems on 10 JCPenney stores in California and New Jersey. Producing more than 4 megawatts (MW) of clean electric power.

The solar systems will be financed, owned and operated by a third-party financier, from which JCPenney will purchase the solar-generated electricity under a SunPower Access™ power purchase agreement. The rooftop installations, expected to be complete in November, will provide immediate savings through lower-than-utility solar energy costs and a long-term energy hedge for nearly 25% of the energy used at the stores. The 10 pilot stores will also benefit from the installation of new energy-efficient lighting and advanced energy management systems that will help reduce their energy consumption.

JCPenney has also reached an agreement with Broadstar Wind Systems on a pilot program to install wind turbines at JCPenney's 1.6 million-square-foot distribution center in Reno, Nev. The program will utilize Broadstar's innovative, building-mounted AeroCam wind turbines, which capture energy and generate power more efficiently than conventional three-blade turbines.

The Company has set a goal to achieve Energy Star certification of at least 200 stores across the country by 2011. To be certified, stores must achieve an energy efficiency rating in the top quartile for all retail stores while maintaining appropriate levels of comfort and air quality.

[Indenturedebtor]

1. You know, JC Penny has the best furniture for the money

I actually like them. And I hate most companies so that's saying a lot for me :D

[madokie]

2. Just think where we would be today had we taken the advice of President Carter

I don't think we'd have half the problems we have today with our energy

[JohnWxy]

3. This is why I wonder WTF utilities are doing charging customers MORE to 'support' - 'green' power.

"The rooftop installations, expected to be complete in November, will provide immediate savings through lower-than-utility solar energy costs"

They must calling building nukes green. The public relations types who thought that one up ought to be used as control rods in there nuclear waste generators!