Shipping megafirm UPS is set to invest around $18m in on-site solar projects in the US, the company has announced. 

The projects are expected to come online by the end of this year and to provide a nearly five-fold increase in the amount of solar power UPS generates. 

UPS said its installation of 26,000 photovoltaic (PV) panels on at least eight facilities will produce a total of 10 MW and save around 8200 metric tonnes of carbon emissions per year.

The company’s goal is for each facility to supply around half of its power demand with on-site solar arrays.

Bill Moir, facilities procurement director for UPS, said: ‘Solar technology is a proven way to effectively and efficiently provide long-term power to our facilities.

‘We have a significant number of facilities that are well positioned to deploy solar at scale and increase our sustainable energy options for our buildings,’ he added.