April 15, 2008
Thule Installing Solar Power At US Headquarters
Thule Inc., best known for its vehicle roof rack systems, will install a 318-kilowatt solar power system at its U.S. headquarters in Seymour, Connecticut.
Thule’s system will consist of two separate arrays with a total of 1,876 solar panels mounted on the rooftop of the Thule Distribution Center. The PV system will supply an estimated 324,800 kWh annually, or about 26 percent of the facility’s electrical needs.
The Connecticut Clean Energy Fund has approved a $1.3 million grant for the project. The project is organized as a power purchase agreement with Nautilus Solar Energy acting as the system owner. Under the PPA, Thule purchases the electricity produced by the system at a fixed price below its current utility rate, and Nautilus receives federal tax incentives, rebates and renewable energy credits associated with the project.
More on PPAs here.
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