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|Maryland's Largest Single Rooftop Solar Power Installation Unveiled at Staples Fulfillment Center in Hanover|
The environmental savings associated with the system will offset more than 43 million pounds of carbon dioxide (CO2) over 20 years, equivalent to removing CO2 produced by more than 4,200 automobiles driving 12,000 miles per year. The zero-emission, silent photovoltaic system will generate approximately 1.2 million kilowatt hours (kWh) of electricity per year, and 21 million kWh during the initial 20 years of the project. The solar installation was financed, built and maintained under a power purchase agreement (PPA) with SunEdison. Under the PPA, Staples will purchase the electricity produced for the term of the contract.
"The solar power system installed at our Hanover fulfillment center is the latest example of Staples' ongoing commitment to environmental leadership," said Mark Buckley, vice president of environmental affairs for Staples. "Through our relationship with solar services provider SunEdison, we are able to purchase solar energy from our rooftop at a rate below or equal to the cost of electricity from the grid. This reduces our operating costs while freeing up more electricity during peak times for use by local homes and businesses."
"We are proud to be a long time partner of Staples in providing economical solar solutions to meet their energy needs and commitment to the environment," said Carlos Domenech, President of SunEdison. "SunEdison continues to be an industry leader by combining cutting edge technologies with our unique project finance capabilities to enable large-scale development of solar."
"EPA applauds Staples for initiating this solar energy project to power its Hanover facility," said Shawn M. Garvin, administrator for the EPA's mid-Atlantic region. "I hope this work inspires other companies to use energy in a manner that does not contribute to global climate change. Staples is demonstrating the kind of leadership that is needed to reduce greenhouse gases and move our nation into a clean energy future."
For more information on Staples' environmental initiatives, please visit http://www.staples.com/environment.
Staples, the world's largest office products company, is committed to making it easy for customers to buy a wide range of office products, including supplies, technology, furniture, and business services. With 2008 sales of $23 billion and 91,000 associates worldwide, Staples serves businesses of all sizes and consumers in 27 countries throughout North and South America, Europe, Asia and Australia. In July 2008, Staples acquired Corporate Express, one of the world's leading suppliers of office products to businesses and institutions. Staples invented the office superstore concept in 1986 and is headquartered outside Boston. More information about Staples (Nasdaq: SPLS) is available at www.staples.com.
SunEdison is North America's largest solar energy services provider. The company finances, installs and operates distributed power plants using proven photovoltaic technologies, delivering fully managed, predictably priced solar energy services for its commercial, government and utility customers. In 2008, SunEdison delivered more kilowatt hours (kWh) of energy than any other solar services provider in North America. For more information about SunEdison, please visit www.sunedison.com.
MEMC is a global leader in the manufacture and sale of wafers and related intermediate products to the semiconductor and solar industries. MEMC has been a pioneer in the design and development of wafer technologies over the past 50 years. With R&D and manufacturing facilities in the U.S., Europe and Asia, MEMC enables the next generation of high performance semiconductor devices and solar cells. With the acquisition of SunEdison, MEMC is now a developer of solar power projects and North America's largest solar energy services provider.
MEMC's common stock is listed on the New York Stock Exchange under the symbol "WFR" and is included in the S&P 500 Index. For more information about MEMC, please visit www.memc.com.
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SOURCE: Staples, Inc.