News agency Bloomberg's headquarters in New Jersey, US now has a 1.8 MW solar system, providing 58 per cent of the electricity for the 100,000-square-foot building.
The ground-mounted solar array covers eight acres and was built by SunPower Corp. (SPWR).
Bloomberg is buying the power generated from the system at below retail rates, providing a long-term hedge against rising power prices with no initial capital investment, reports IB Times.
The system uses high-efficiency SunPower solar panels with the SunPower T0 Tracker system. The Tracker follows the sun's movement during the day, increasing sunlight capture by up to 25 per cent over conventional fixed-tilt systems, while significantly reducing land use requirements.
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