Soltage LLC, a full-service renewable energy company developing and operating solar power plants across the United States, today announced its distributed solar photovoltaic (PV) projects installed in 2014 generated 40,000 megawatt-hours (MWh) of lifetime production to date.
Soltage Passes 40,000 Megawatt-Hours Solar Production
Jersey City, NJ - May 13, 2015: Soltage LLC, a full-service renewable energy company developing and operating solar power plants across the United States, today announced its distributed solar photovoltaic (PV) projects installed in 2014 generated 40,000 megawatt-hours (MWh) of lifetime production to date.
Soltage has installed and operates solar arrays totaling 75 megawatts (MW) generation capacity in seven states, including 60MW installed between December 2013 and November 2014, leading to GTM Research ranking it America's fifth-overall commercial solar company in 2014. The company plans to deploy more than $250 million in funding across roughly 125MW of new solar projects in 2015-2016.
"Soltage's growth underscores the ability of solar PV to lock in favorable electricity costs for larger power customers as solar energy's potential has become a reality," said Jesse Grossman, Soltage co-founder and CEO. "The solar market segments we operate in are poised to continue their growth through 2016 as project costs continue falling, particularly the commercial and industrial sectors where energy demand is forecast to grow through 2040."
New commercial solar projects totaled just over 1GW capacity additions across America in 2014, down six percent from 2013 and three percent compared to 2012, according to the Solar Energy Industries Association's 2014 Solar Market Insight Report. In 2014, Soltage completed projects in top solar markets for a diverse mix of customers, including:
• 26MW of installations across four projects in North Carolina, all of which have outperformed forecasted production
• 23MW of installations across nine projects in Massachusetts, including 10.7MW of projects supplying power to seven municipalities
• A 2.7MW project in Vermont, located on the state's only active landfill
Energy consumption is predicted to grow 0.7% annually among U.S. industrial power users and 0.5% annually for U.S. commercial power users between 2013-2040 while all other sectors either decline or stay flat, according to the U.S. Energy Information Administration's Annual Energy Outlook 2015.
For media inquiries
Soltage, Silvio Marcacci, (202) 643-8210 email@example.com
Soltage is a leader in the development, financing, and operation of solar power systems for commercial, industrial, municipal, and utility customers across the United States. The company successfully installed 60 MW of new solar capacity across 16 projects in 2014, and has developed 30 solar energy projects with more than 75 MW total distributed generating capacity since 2008. Soltage is backed by leading U.S. independent power provider Tenaska, and the company is headquartered in Jersey City, New Jersey. For more information, visit www.soltage.com