Owens Corning (NYSE: OC) and Constellation, a subsidiary of Exelon Corp. (NYSE: EXC), on Oct. 30 celebrated the completion of a 2.4-MW (dc) solar project at Owens Corning’s headquarters in Toledo, Ohio.
Located above 935 parking canopy spaces, the solar installation is currently one of the largest of its kind in the Midwest and supports Owens Corning’s newly expanded goals aimed at reducing its environmental footprint. Having met its 2020 sustainability goal for greenhouse gas emissions, Owens Corning has increased its greenhouse gas intensity reduction target from 20% to 50% of its 2010 baseline.
“In our continuous quest to improve the sustainability of our company, we relentlessly seek partners who will step up and help us redefine what is possible,” said Owens Corning Vice President and Chief Sustainability Officer Frank O’Brien-Bernini. “Once again, Constellation has delivered; helping us to imagine and then build a large-scale solar photovoltaic system to deliver significant renewable energy to our facility and, at the same time, become an iconic structure for Owens Corning and the downtown Toledo streetscape.”
Constellation financed, built, owns and maintains the solar power system. Electricity generated by the system is purchased by Owens Corning under a 20-year power purchase agreement with Constellation. Owens Corning retains all environmental attributes, including Class I SRECs, for the system.
“As a competitive energy company, our role is to give customers, like Owens Corning, greater flexibility in managing their energy use and costs,” said Gary Fromer, senior vice president of distributed energy at Constellation. “Two years ago, we helped Owens Corning celebrate the completion of a 2.7-megawatt solar project at its facility in Feura Bush, New York.”
The solar power system is comprised of approximately 8,000 photovoltaic panels. The system is expected to generate 3 million kilowatt-hours of electricity per year (based on first year production).
Constellation currently owns and operates more than 300 MW of distributed energy projects that have been completed or are under construction for commercial and government customers throughout the United States. Constellation offers distributed energy solutions, including solar, cogeneration, backup generation, fuel cells, and battery storage, that may require no upfront capital from customers and may provide fixed power costs that are less than projected market rates.
Constellation is a leading competitive retail supplier of power, natural gas and energy products and services for homes and businesses across the continental United States. Constellation’s family of retail businesses serves more than 2.5 million residential, public sector and business customers, including more than two-thirds of the Fortune 100.
Owens Corning develops, manufactures and markets insulation, roofing, and fiberglass composites.