According to recent news coverage released by a number of outlets, including the Wall Street Journal, Turnto10.com and others, the city of New Bedford, Massachusetts, has completed the beginning phase of its campaign to deck out municipal buildings, school establishments and related institutions with solar panels, providing them with renewable energy.
The plan represents a major step forward in the national scene of green development on the level of city government, as New Bedford leaders have recruited the New York City based energy firm Con Edison Solutions and Blue Wave Capital, located in Boston, to participate in a project that not only supports the solar energy industry, renewable energy in general, and provides more green jobs to the area, but which also provides the city with tangible financial returns: if the project is successful and ends up providing the city with 10 megawatts of solar energy, New Bedford could save ten million dollars over the course of the next twenty years.
Current estimations set the completion date for the whole project sometime in 2013. Major headway and significant progress, however, have already been made. According to Con Edison CEO Jorge Lopez, the private firm is contributing two million dollars to the development and culmination of the project, which has been praised by U.S. Representative Barney Frank.
For more information, please visit: http://www2.turnto10.com/news/2011/oct/21/4/new-bedford-announces-solar-panel-initiative-ar-797095/
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