Portfolio: Project Details
Aramis Facility Solar Photovoltaic Array
Estee Lauder Companies
Oakland, NJ
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Designed and installed by
DT Solar and owned by an investment partnership
created by
MMA Renewable Ventures,
Interactive Resources was retained to provide structural engineering services required for proper installation.
This new solar energy system incorporates more than 3,000
SolarWorld panels
installed atop a facility that
houses manufacturing for Estée Lauder's Aramis Brand. The decision to implement this project is part of the
Estée Lauder Companies' ongoing commitment to protect the environment, as stated in the Company's corporate
Global Environmental Policy. The newly completed photovoltaic system generates energy for Estée Lauder¹s
manufacturing operations and helps contribute to a healthier environment. Located in Oakland, New Jersey,
the project marks one of New Jersey's largest rooftop mounted solar installations and the largest third-party
solar energy supply contract in the state.
The solar energy system will offset production of more than 10,000 tons of carbon dioxide over its expected 25-year lifetime, the equivalent of approximately 34,000 barrels of oil being replaced by clean energy from the sun. The company is further blazing trails by enacting its clean energy commitment via a PPA, an innovative third party ownership model that is capable of shifting solar energy from a relatively niche market to routine corporate practice," says Ted Turner, owner of DT Solar." As a premier developer partner to financial organizations like MMA Renewable Ventures, DT Solar is well-positioned to deliver on that market promise nationwide." MMA Renewable Ventures provided turnkey financing for the project. Dedicated to delivering financial solutions that make clean energy cost-competitive, MMA Renewable Ventures now owns and operates the New Jersey system and sells the electricity generated to Estée Lauder under a long-term Power Purchase Agreement (PPA).
"The third party PPA model makes good business sense for forward-thinking organizations like Estée Lauder that are dedicated to promoting environmental stewardship," said Matt Cheney, CEO of MMA Renewable Ventures. "The Aramis plant will benefit from predictably-priced electricity supply without the need for Estée Lauder to commit upfront capital for the equipment and installation. We are proud to have worked with DT Solar to make one of New Jersey's largest solar energy systems a cost-effective one."
