UPS plans to “significantly escalate” its investment in solar energy.
In a statement issued today, UPS said this will start with the installation of solar assets in at least eight of its facilities in the US. These are scheduled to be completed by the end of 2017.
“The estimated $18 million investment will provide a nearly five-fold increase in the amount of power generated from solar at UPS facilities today,” said UPS.
“With more than 2,580 UPS facilities worldwide, UPS is ideally positioned to expand its investment in renewable energy.”
UPS’s investment in solar power began in 2004 in Palm Springs, California. The solar panels at this facility are still generating approximately 110 kilowatts of sustainable energy. Today, UPS also produces solar power at its facilities in Lakewood, Parsippany and Secaucus, N.J.