Visitors to Arizona State University’s (ASU) Tempe campus soon will be shaded when parking in a lot adjacent to Sun Devil Stadium by an innovative, patent-pending solar structure design that generates 2.1 megawatts (MW) of electricity.
This groundbreaking solar installation project marks the first partnership between ASU and NRG Solar, a subsidiary of NRG Energy, Inc. (NYSE: NRG), which is expanding its portfolio of solar renewable energy projects in Arizona.
The 5.25-acre PowerParasol™ design will cover 800 covered parking spaces in lot 59, the university’s largest blacktop surface parking lot adjacent to Packard Stadium. Within the 25-year, $10.5-million agreement, NRG will own and operate the PowerParasol™, and in exchange, ASU will pay flat electricity rates during the term. Within three to four years, the university should experience reduced electricity rates.
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