Please ensure Javascript is enabled for purposes of website accessibility

MMA Renewable Ventures and DT Solar Complete Solar Energy Project

The new solar-energy system incorporates more than 3,000 solar panels installed on top of a manufacturing facility for Estee Lauder’s Aramis Brand.MMA Renewable Ventures LLC, a San Francisco, Calif.-based subsidiary of Municipal Mortgage & Equity, LLC (NYSE: MMA) and DT Solar, a Branchburg-based renewable energy company, today announced the installation of a 600-kilowatt solar-energy system in Oakland for New York City-based cosmetics company Estee Lauder Companies Inc (NYSE: EL). Designed and installed by DT Solar and owned by an investment partnership created by MMA Renewable Ventures, the new solar-energy system incorporates more than 3,000 solar panels installed on top of a manufacturing facility for Estee Lauder’s Aramis Brand. Expected to generate over 650,000 kilowatt-hours (kWh) annually, 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 project marks one of New Jersey’s largest rooftop mounted solar installations as well the largest third-party solar-energy supply contract in the state.

NJBIZ Business Events