Solar Power

Urban Grid completes 655-kW solar project atop New Jersey movie theater

Urban Grid has completed a solar project in Somerdale, New Jersey, at the Cooper Towne Center, where Cinemark is a tenant. Urban Grid secured a lease with National Realty & Development Corp, the building owner, for the roof space to install the solar energy system.

Urban Grid developed and financed the project through a power purchase agreement (PPA) with Cinemark USA. Sale of the electricity produced from the 655-kW array will offset Cinemark’s energy requirements and provide a hedge against potentially volatile energy prices into the future.

“Urban Grid is excited to collaborate with such a highly reputable company as Cinemark to further spotlight our commitment to a sustainable future in New Jersey, a state that has seen incredible solar growth over the past few years,” stated Frank DePew, President and CEO of Urban Grid. “We believe rooftop solar is a natural fit for businesses and hope Cinemark’s initiative will pave the way for commercial companies throughout the nation.”

SolAmerica provided engineering, procurement and construction services for the project. The 1,957-panel solar array is expected to produce 860 MWh of electricity in its first year of operation, offsetting a significant amount of Cinemark’s electric usage at this location and providing significant energy savings.

News item from Urban Grid

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