Black and Decker Installs Huge Solar Farm in KentuckyDate:
04/25/2023Tag: @BLACKANDDECKER #solarfarm #kentucky #powerelectronics Black and Decker Installs Huge Solar Farm in KentuckyTo reach our goal of a decarbonized energy sector by 2050, we’ve seen huge public and private investments in renewable energy, and Stanley Black & Decker has leaped into the fray with Kentucky’s largest privately funded on-site solar project that’s 100% renewable energy sourced. The 4.3 MW solar farm in Hopkinsville, Ky. covers 15 acres and is apparently able to power their 280,000 sq. ft onsite production facility (with some energy leftover for the state). This wouldn’t be the only such venture, but it’s certainly one of the biggest (and definitely the largest of its kind in Kentucky). According to one source, corporate funding for solar has shot up 55% to $8.4 billion in Q1 2023, and the Black and Decker photovoltaic farm is a great step in the right direction. For that matter, the solar farm market, itself, has been growing at an impressive clip, reaching $62.7 billion in 2021 and expected to grow to around $267.8 billion in the next seven years. We’re all pretty well aware of the environmental benefits of solar farms, and as far as the Kentucky venture, it’ll supposedly achieve 5,500 metrics tons of C02 reductions with an annual energy savings of $400,000. “As part of Stanley Black & Decker’s global environmental, social and corporate governance (ESG) initiatives, this project, which we are fittingly celebrating on Earth Day, represents an impactful milestone as the organization progresses toward its mission of carbon neutrality by 2030,” says Stanley Black & Decker’s Rob Kirts. |