PNC Closes US $3.3M PV Financing With Integrys

PNC and Integrys Energy Services have completed a US $3.3 million solar project financing deal that will see solar photovoltaic systems installed on a Harvard University building. The units are expected to produce more than 600 megawatt-hours (MWh) of renewable energy annually.

Integrys Energy Services developed, installed and commissioned the roof-top solar units. The energy produced will be utilized by Harvard for use in the building, which is located in Watertown, Massachusetts. The net price of the energy is currently pegged at or below the cost of power from the grid.

“We see great value in our relationship with PNC as we seek to continue to broaden and expand our delivery of clean, renewable solar energy to current and future customers,” said Joel Jansen, managing director of energy assets at Integrys Energy Services.

The PNC Financial Services Group Inc. is one of the nation’s largest diversified financial services organizations providing retail and business banking and specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending.