Key Equipment Finance Provides Equipment Financing of Photovoltaic Solar Panels for Project at Rutgers

Ann McClure's picture
Wednesday, March 7, 2012

Key Equipment Finance, one of the nation’s largest bank-held equipment finance companies and an affiliate of KeyCorp (NYSE: KEY) today announced that the company is financing a solar system installation at Rutgers University, The State University of New Jersey. SunDurance Energy, a leading national solar provider, is the solar integrator for the project.

The university is installing more than 40,000 high-efficiency solar panels mounted on canopy structures over two large surface parking areas on the Livingston Campus in Piscataway Township, New Jersey. The 32-acres of solar canopies will generate over nine million kWh of power, or approximately $1.2 million in electricity – equivalent to the annual energy consumption of nearly 1,000 households.

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