Largest Manhattan Solar Array Completed

January 24, 2012

Deutsche Bank announced Monday the completion and operation of it new 122.4kW solar photovoltaic system installed atop its Americas headquarters at 60 Wall Street, New York. The array is expected to decrease carbon emissions by 100 metric tonnes per year.

The roof-mounted array will reduce the company’s electricity consumption, helping in its continued commitment to sustainability which has already seen the bank increase its use of clean electricity from 7 percent to 65 percent over the last four years.

“We are firmly committed to being a leader in sustainability and innovation,” said Seth Waugh, CEO of Deutsche Bank Americas and Member of the Group Executive Committee..  “This project is one part of a comprehensive global program to reduce the Bank’s consumption of fossil fuels and shift to more renewable sources of energy.  Our goal is to neutralize the Bank’s global CO2 emissions by 2013.”

The photovoltaic system is located on the inclined south and east portions of the roof of 60 Wall and is the largest of its kind in Manhattan, as well as being the highest elevated solar photovoltaic flat panel array in the world, measuring in at 737 feet off the ground.

“New York City has the most ambitious sustainability plan in the world in part because we’re working with private sector partners to reduce our carbon emissions, rely on cleaner energy sources, and meet the goals of our long-term sustainability program, PlaNYC. Deutsche Bank’s landmark achievement builds upon our shared work to build a greener, greater New York,” Mayor Michael R. Bloomberg said.

This newest completed clean energy installation is the third solar project in North America completed by Deutsche Bank, including the Deutsche Bank’s Piscataway, New Jersey, two-phase installation of a 1.267 megawatt solar photovoltaic system. This system has turned their building into a net-zero electric building.

A fourth project is underway and expected to be completed by the end of this year at Deutsche Bank’s Parsippany, New Jersey facility.

Source: Deutsche Bank