SolarCity and Balfour Beatty Communities Build Massive Solar Power Project on Five Navy Bases in Connecticut, New Jersey, New York and Rhode Island

First "SolarStrong" project on the east coast will provide power to thousands of military personnel and their family members

17 Mar, 2016, 06:00 ET from SolarCity

NEW YORK, March 17, 2016 /PRNewswire/ -- Balfour Beatty Communities and SolarCity have completed more than 1,300 rooftop solar installations at Balfour Beatty Communities-managed Navy housing communities located in Connecticut, New Jersey, New York and Rhode Island.  SolarCity designs, builds and maintains the solar panels, and Balfour Beatty Communities purchases the power they produce at a discount to local utility rates, generating savings for the overall project.

"The SolarStrong initiative to install rooftop solar power at Naval Facilities along the east coast will help bring sustainable power to countless military personnel in New York as well as their families.  This project is a win-win because the solar energy installations will help save money and benefit the environment, and I am delighted that SolarCity has focused on such an important cause," said U.S. Senator Chuck Schumer of New York.

"Solar energy is a great solution for military families that lowers costs, builds healthier communities, and reduces carbon emissions to help fight climate change. Our military families give so much to our country—it's fantastic for them to have access to affordable clean energy choices. I was proud to work with my colleagues to fight for the inclusion of renewable energy tax credits in this year's spending bill. Now, SolarCity and other businesses will be empowered to create more clean energy jobs in New Jersey and reduce annual carbon emissions across the nation equivalent to the emissions from dozens of coal-fired power plants. Forward thinking projects like SolarStrong strengthen our communities and are an important part of our transition to a clean energy future," said U.S. Sen. Cory Booker of New Jersey.

"Solar energy is a win-win for our environment and our economy—providing clean, renewable energy at affordable rates, as well as good jobs for the American workers who develop and build the technology. I applaud this smart energy investment in the Navy's New London family housing. I fought hard to ensure extension of the solar tax credit in the omnibus budget and tax measure passed by Congress at the close of last year, and I will continue to fight to ensure that clean energy sources like solar grow as a vital and valuable part of our country's energy portfolio," said U.S. Senator Richard Blumenthal of Connecticut.

The project brings more than 7.5 megawatts of solar power generation capacity to the residential housing areas operated by Balfour Beatty Communities at five naval bases located in the northeast: Mitchell Field, East Meadow, NY; Naval Submarine Base, New London, CT; Joint Base McGuire-Dix-Lakehurst, Lakehurst, NJ; Naval Support Activity, Saratoga Springs, NY; and Naval Station, Newport, RI.  This effort builds on the 13.3 megawatts of rooftop solar that Balfour Beatty Communities and SolarCity partnered to develop across the Balfour Beatty Communities-managed housing at Fort Bliss in El Paso, Texas.

"We are committed to adding value to the communities we manage through sustainable programs like the rooftop solar effort with SolarCity," said Chris Williams, president of Balfour Beatty Communities. "We're pleased to generate cost savings for this project while offering a clean energy source to our residents through these innovative solutions."

These installations are the first east coast projects of SolarStrong, SolarCity's plan to build more than $1 billion in solar projects to provide power to 120,000 military homes throughout the United States.

The SolarStrong initiative has meant new hiring for SolarCity—with approximately two-dozen new staff brought on directly for the Navy Northeast projects and an additional 90 staff mobilized to speed completion. SolarCity emphasizes veteran hiring across the company, and has hired military veterans in over 90 locations across the United States in installation, recruiting, business development, sales and more.  

About SolarCity
SolarCity® (NASDAQ: SCTY) provides clean energy. The company has disrupted the century-old energy industry by providing renewable electricity directly to homeowners, businesses and government organizations for less than they spend on utility bills. SolarCity gives customers control of their energy costs to protect them from rising rates. The company makes solar energy easy by taking care of everything from design and permitting to monitoring and maintenance. Visit the company online at www.solarcity.com and follow the company on Facebook & Twitter.

About Balfour Beatty Communities Balfour Beatty Communities, LLC is a diversified real estate services company delivering development, design, financing, construction, renovation, property and facilities management services in the multifamily, student and military housing sectors. A leader in the industry, Balfour Beatty Communities has more than 50,000 residential units and $6 billion in real estate assets under management and has developed or renovated more than 29,000 units with a total value of close to $4 billion. Headquartered outside Philadelphia, PA, Balfour Beatty Communities has more than 1,200 employees and is a subsidiary of Balfour Beatty Investments, Inc.

Balfour Beatty Investments is part of Balfour Beatty plc, a global leader in construction services, support services, and infrastructure investment.

This release contains forward-looking statements including, but not limited to, statements regarding plans to build solar projects for U.S. military housing. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved, if at all. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward looking statements. You should read the section entitled "Risk Factors" in SolarCity's annual report on Form 10-K, which has been filed with the Securities and Exchange Commission and identifies certain of these and additional risks and uncertainties. We do not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.

 

SOURCE SolarCity



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