The plan is contingent upon approval of a loan guarantee provided in the $787 billion federal stimulus package, Exelon said in a statement.
"Exelon is investing aggressively but wisely in renewables as part of our comprehensive environmental strategy," Chairman and Chief Executive Officer John Rowe said.
The project involves covering 39 acres of the West Pullman Industrial Redevelopment Area with 32,800 solar panels -- enough to power up to 1,500 homes per year.
In emissions savings, the project is estimated to displace about 31.2 million pounds of greenhouse gas emissions per year, "the equivalent of taking 2,500 cars off the road," Exelon said.
Exelon said it would be the country's largest urban solar-power plant.
"Today, SunPower's solar PV technology can be implemented anywhere at any scale -- from rooftops to parking lots," SunPower CEO Tom Werner said.
City alderman Carrie Austin said the project "will benefit the Pullman community in many ways, including increased economic activity, new jobs, and the revitalization of these unused parcels of land."
Copyright 2009 by United Press International.
Isn't this a little odd?
Isn't this a little odd? It's not a bad plan, I like it actually. I'm all for solar power and all, but shouldn't they make use of wind power over there in Chicago? Then again, where are you gonna put windmills there? On top of buildings, maybe?
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