Finance Articles

CJ Investment Enterprises to Install 50MW of Solar PV Power in San Francisco

(PRWEB) May 3, 2008 -- Commercial property and business management group CJ Investment Enterprises, has requested proposals from numerous vendors to design and deploy solar photovoltaic energy systems across multiple sites that will reach a total of 50 megawatts of power. The facilities, distributed in the city of San Francisco will be deployed over 500,000 square feet across the first nine sites, with over 30% operating before Summer 2009.

The planned investment for the construction and start up of these nine sites will surpass 200 million dollars. According to the company, it has set a goal of adding 50 megawatts of new solar power by 2012 in San Francisco, and has identified several additional sites that are under negotiation for lease or purchase. "Considering the unpredictable situation with traditional fossil fuel costs, solar energy is the right direction to move towards given the strong case for reducing carbon emissions, and overall benefits to making San Francisco a greener city" says Mark Bauer, Strategic Initiatives Chief at CJ Investment Enterprises.

CJ Investment Enterprises is exploring multiple solar energy technology options and will receive and produce electric power directly to the buildings, and to the grid. According to the company, it aims to finance several solar energy projects, and is seeking to build strategic relationships with partners to bring the best experience and skill-sets in deployment and long-term maintenance.

For further information about CJ Investment Enterprises, please visit our website at www.cjinvesetmententeprises.com, or contact Jeff Goodwin, Director of Media Relations at jeff(at)cjinvestmententerprises.com.

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