October 1, 2007

Hall’s Warehouse To Build Largest Corporate Solar Power System In U.S.

Hall’s Warehouse Corporation, a family-owned refrigerated and frozen food storage and distribution company, has announced an agreement with DT Solar, a Turner Renewable Energy company, to build a 2 MW solar electric power system to supply electricity to their facility in South Plainfield, New Jersey. When completed, the companies say the project will be the largest rooftop solar electric system serving a private company in the U.S.

The solar power system will be located in South Plainfield, NJ, on one of Hall’s seven frozen and refrigerated warehouses serving the Northeast and Mid-Atlantic states. The solar array will consist of approximately 13,500 solar modules, will produce nearly 3 million kWh of energy and will eliminate more than 2 million pounds of CO2 emissions annually.

Hall’s will make no up-front investment in the solar project. Instead, Hall’s will purchase all of the electricity produced by the system under a long-term agreement at rates below what they would pay the local utility for electricity.

The solar power system will be installed as part of the New Jersey Board of Public Utilities’ SREC-Only Pilot Program, a new market-based incentive program introduced by the BPU to replace the up-front cash rebates offered in recent years as a means of meeting the state’s legislatively mandated solar power development goals. The “SREC-Only Pilot Program” enables the financing for the project by creating a market for trading Solar Renewable Energy Certificates in the state and providing a level of assurance on the value of SRECs over an eight-year timeframe.

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