Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



SolarCity Developing Military Solar Power

The U.S. Army is going green. And the U.S. Air Force, Navy, and Marines as well.

On Wednesday, Elon Musk's solar-power vehicle SolarCity (NASDAQ: SCTY  ) announced that in addition to solar projects under way at the Army's Fort Bliss, Los Angeles Air Force Base, Peterson and Schriever Air Force Bases in Colorado, White Sands Missile Range, and Hickam Community Housing at Joint Base Pearl Harbor-Hickam, SolarCity has begun construction of a "massive" solar project to provide solar electricity to 6,500 military family residences at Ohana Military Communities, which serves Navy Region Hawaii and Marine Corps Base Hawaii.

Like the others, this latest project is operated under SolarCity's "SolarStrong" brand name. It aims to build out 24 megawatts of solar generation capacity and will be SolarCity's largest project to date, progressing toward SolarCity's objective of installing 300 MW of solar generating capacity for the military over the next five years, enough to power 120,000 military housing units. Ultimately, through projects such as the one SolarCity is working on, the U.S. military aims to power its forces 25% through renewable energy by 2025.

Bank of America (NYSE: BAC  ) is providing financing for the construction.

Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2419111, ~/Articles/ArticleHandler.aspx, 11/26/2015 12:25:23 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Rich Smith

I love things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well. Follow me on Twitter or Facebook for the most important developments in defense & aerospace news, and other great stories besides.

Today's Market

updated 2 hours ago Sponsored by:
DOW 17,813.39 1.20 0.01%
S&P 500 2,088.87 -0.27 -0.01%
NASD 5,116.14 13.34 0.26%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

11/25/2015 4:00 PM
BAC $17.44 Down -0.03 -0.17%
Bank of America CAPS Rating: ****