ATLANTA, July 30, 2013 (GLOBE NEWSWIRE) -- Renewvia Energy, a leader in project-finance commercial solar power development, has completed the largest commercial array allowed under American Electric Power's renewable program, a project that will enable the Atlanta based logistics company to further reduce its carbon footprint.
Premier Transportation, based in Forest Park, Ga., hired Renewvia Energy to design and build its first commercial solar array in Grove City, Ohio. The system generates enough solar energy for the company to power all of the Ohio operation. The company is considering solar generation for other locations around the country.
"At Premier, we are continually evaluating and researching opportunities for renewable energy sources to improve our efficiency and reduce our impact on the environment," said Mike Medici, chairman and CEO. "Many of our trucks run on compressed natural gas fuel, and utilizing the otherwise dormant rooftop space on Premier's facilities to generate the required power to run the facility was an easy decision."
Premier's solar array will generate more than 70,000 kilowatt hours annually, the equivalent of burning almost 4,000 fewer gallons of gasoline per year. By taking advantage of American Electric Power's renewable energy rebate, as well as federal tax benefits, Premier will realize an immediate payback of equity.
"Premier will offset almost 100 percent of the utility power required to operate its logistics and mechanical location in Ohio," said Trey Jarrard, CEO of Renewvia, which specializes in identifying and developing financeable solar solutions for national commercial entities. "We are proud to work with a forward-thinking company that appreciates the financial and environmental benefits of solar power."
About Premier Transportation:
Premier Transportation is an irregular route common and contract carrier specializing in integrated transportation and logistics solutions for the retail and consumer products industries. The company has a fleet of trailers powered by natural gas and is constantly adopting the latest technologies to improve efficiency and lessen its carbon footprint.
About Renewvia Energy:
Renewvia Energy designs and installs commercial and utility solar power systems. The company provides a complete range of solar energy solutions including turnkey solar installation, integrated financing and solar consulting services. Renewvia solar power plants reside in various markets, interconnecting to multiple utilities under complex and challenging financings structures. Renewvia's goal is to own and operate solar systems to maximize return on investment and provide long-term value to the company and project investors. As a developer, Renewvia's rooftop, canopy and ground-mounted solar arrays provide partners with clean, reliable and cost-effective power.