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The Washington Metropolitan Area Transit Authority (WMATA) board recently approved a plan to apply for clean renewable energy bonds that will be used to install solar energy equipment on 10 buildings.
The bonds are part of a U.S. Treasury Department program enacted last year that enables government agencies and electric cooperatives to apply for zero-interest bonds.
WMATA plans to negotiate a 20-year deal with finance company Allco Finance Group and solar energy firm SunEdison to design, build, operate and maintain the equipment. The solar panels would help power buildings at eight rail yards, and a maintenance and training facility.
Authority officials project the solar equipment will save at least $75,000 in annual energy costs.
4/25/2006
Rail News: Rail Industry Trends
WMATA to install solar panels at 10 facilities
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The Washington Metropolitan Area Transit Authority (WMATA) board recently approved a plan to apply for clean renewable energy bonds that will be used to install solar energy equipment on 10 buildings.
The bonds are part of a U.S. Treasury Department program enacted last year that enables government agencies and electric cooperatives to apply for zero-interest bonds.
WMATA plans to negotiate a 20-year deal with finance company Allco Finance Group and solar energy firm SunEdison to design, build, operate and maintain the equipment. The solar panels would help power buildings at eight rail yards, and a maintenance and training facility.
Authority officials project the solar equipment will save at least $75,000 in annual energy costs.
