WGL Substantially Expands Distributed Generation Assets; Announces Plans to Increase Solar Capacity by 50 percent in Fiscal Y...
November 16 2015 - 8:30AM
Business Wire
WGL, a diversified energy company, has expanded its distributed
generation capacity, which consists primarily of photovoltaic
solar, to 150 MW DC installed or under construction across the
United States. The company announced plans today to invest $200
million in fiscal year 2016 in solar and other distributed systems,
representing a 50% increase in renewable power generation.
“At WGL, we know that the future of energy requires the
integration of renewable resources, such as solar, into our energy
ecosystems and infrastructures,” said Sanjiv Mahan, president of
WGL Energy. “We will increase our solar investment this year,
demonstrating our commitment to providing clean energy answers to
communities, businesses and governments across the U.S.”
To date, WGL has invested over $500 million in distributed
generation systems in 16 states and the District of Columbia. The
company’s $200 million distributed generation investment plan in
fiscal year 2016 represents a 26% increase from the previous
year.
WGL solar projects in service generated 147,000 MWh of power
this year and include a system developed for Indianapolis Power and
Light Company. Through this system, WGL provides power to various
organizations within the state, the largest of which is the Indiana
Airport Authority.
WGL solar systems under construction include a 4.2 MW DC
ground-mounted, single-axis tracking system in Palmdale, Ca., which
will produce more than 4,900 MWh of energy per year, enough to
power about 600 average-sized households and eliminate roughly
3,000 tons of carbon dioxide emissions annually. In addition, also
under construction is a 2.2. MW DC ground-mount system that will
power a large company’s manufacturing facility in Hagerstown, MD.
Supplying clean and renewable energy to the 1.5 million square foot
space, the project will yield 2,665 MWh of energy annually,
providing an energy solution to a major business in the region.
About WGL Energy
WGL Energy delivers a full ecosystem of energy offerings
including natural gas, electricity, green power, carbon reduction,
distributed generation and energy efficiency provided by WGL Energy
Services, Inc. (formerly Washington Gas Energy Services, Inc.) and
WGL Energy Systems, Inc. (formerly Washington Gas Energy Systems,
Inc.). To learn more, visit us at www.wglenergy.com.
About WGL
WGL (NYSE:WGL), headquartered in Washington, D.C., is a leading
source for clean, efficient and diverse energy solutions. With
activities and assets across the U.S., WGL consists of Washington
Gas, WGL Energy, WGL Midstream and Hampshire Gas. WGL provides
natural gas, electricity, green power and energy services,
including generation, storage, transportation, distribution, supply
and efficiency. Our calling as a company is to make energy
surprisingly easy for our employees, our community and all our
customers. Whether you are a homeowner or renter, small business or
multinational corporation, state and local or federal agency, WGL
is here to provide Energy Answers. Ask Us. For more information,
visit us at www.wgl.com.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20151116005396/en/
WGLNews Media:Jim Monroe, 202-624-6620orFinancial
Community:Douglas Bonawitz, 202-624-6129
Wgl (NYSE:WGL)
Historical Stock Chart
From Mar 2024 to Apr 2024
Wgl (NYSE:WGL)
Historical Stock Chart
From Apr 2023 to Apr 2024