JLL, BNY Mellon Cut Ribbon on Solar Power System

JLL, BNY Mellon Cut Ribbon on Solar Power System

Commercial real estate services leader Jones Lang LaSalle and the Bank of New York Mellon have launched a new 76-kilowatt solar panel installation atop the office complex of the financial services firm.

City and state dignitaries along with members of the leadership team for JLL and BNY Mellon, a JLL client, gathered for a ceremony yesterday to officially cut the ribbon on the array, which recently went online.

The system, one of the larger in the greater Boston area, is expected to cut energy costs by as much as $15,000 a year, reduce annual carbon dioxide emissions by 50 tons and trim sulfur dioxide emissions by 425 pounds.

The array is 5,762 square feet with 364 solar modules in a "direct tie" system from which generated electricity flows directly into the building's power lines.

BNY Mellon and JLL, which coordinated the installation, expect the system to produce 103,000 kilowatts a year.

The project, which received funding from the Massachusetts Renewable Energy Trust, is part of the Everett Congestion Relief Pilot program operated by energy company National Grid.

The BNY Mellon complex in Everett contains 385,000 square feet of office space that house 1,000 employees and the operations center for the company's securities servicing and payments processing businesses.

Image by scataudo.