The solar system comprises installation of 16,500 photovoltaic (PV) panels on 27 acres at a US college or university.
The PV solar project financed by Key Equipment Finance is expected to generate 8 million kWh per year, enough to power more than 700 homes or, at Princeton, enough to meet 5.5% of the total annual campus electrical needs.
The University will sell the solar renewable energy credits during the term of the lease to help pay for its financing.
Upon lease termination, the project is expected to reduce the University’s carbon footprint by decreasing its dependence on fossil fuels and reducing its annual electrical costs by eight percent.
