Officials of the Atlantic City Convention and Visitors Authority, operators of the 11-year-old facility, say they have signed a deal with the Pepco Energy Services subsidiary of Arlington, VA-based Pepco Holdings that calls for installation of more than 13,300 photovoltaic panels on the facility's rooftop in a project that's expected to generate nearly 2.4 megawatts of energy. Construction is slated to start later this month, with completion by the end of December.
Under the terms of the 20-year agreement, Pepco will pay the cost of the installation, and will own and operate it. The convention center, which is owned by the New Jersey Sports & Exposition Authority, will then buy the electricity being generated from Pepco. ACCVA officials estimate that they will save nearly $4.5 million in electricity costs over the life of the contract.
"The ACCVA continues to embrace green initiatives and stand at the forefront of the environmental movement," says the authority's executive director, Jeffrey Vasser, in a statement. "Following Gov. Corzine's lead in taking a proactive look at environmental issues, our team has worked in conjunction with Pepco Energy in order to develop this project, which allows us to use our natural resources to run the convention center more efficiently.
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