FOR IMMEDIATE RELEASE: January 7, 2011
KDC Solar to build 3.25 MW solar facility at United Stationers’ Distribution Center in Cranbury, New Jersey
KDC Solar has teamed up with United Stationers Supply Co. and The Sudler Companies to design, install, own and operate a 3.25 MW roof mounted solar installation at United Stationers’ distribution center in Cranbury, New Jersey. Once completed, the solar facility will generate approximately 3,450,000 kilowatt hours of solar electricity per year. The warehouse, which is leased to United Stationers by the Sudler Companies, is one of United’s largest volume distribution centers in the country.
Tim Connolly, Senior Vice President of Operations at United Stationers, stated, “We are continuously looking for ways to be more environmentally friendly throughout our everyday operations. We are very pleased to be able to utilize the program offered by KDC Solar, which will help us do that while reducing our operating costs through the use of clean solar energy. We anticipate that the solar installation will supply up to 90% of our overall electric needs at our Cranbury distribution center.”
Construction is scheduled to start in early 2011, with the objective that the project should be operational before year end.
KDC Solar's CEO, Hal Kamine, said, "We are excited about the opportunity to team with the Sudler Companies and United Stationers to bring clean, low cost, long-term solar energy to another business in New Jersey. This solar facility will demonstrate United Stationers and The Sudler Companies recognition of the business friendly/job focused environment created by New Jersey policymakers for behind-the-meter solar electric systems."
Peter D. Sudler, CEO of The Sudler Companies, said “We are committed to building and modifying our properties to be as energy efficient as possible. Modifying our already energy efficient buildings to a sustainable, environmentally- efficient Solar energy source where appropriate, not only lowers occupancy costs for our tenants, but is a responsible business practice for a multi-generation property owner such as Sudler. Given the experience in the private energy arena that the professionals at KDC Solar have, we have great confidence that the solar facility will represent a “win-win-win” for all three companies not to mention the positive impact on the environment and the State of New Jersey.
About United Stationers
United Stationers Inc. is a leading wholesale distributor of business products, with 2009 net sales of approximately $4.7 billion. The company stocks approximately 100,000 items, including technology products, traditional office products, janitorial and breakroom supplies, office furniture and industrial supplies. A network of 64 distribution centers allows it to deliver these products to over 25,000 reseller customers. This network, combined with United's depth and breadth of inventory, enables the company to ship most products overnight to more than 90% of the U.S. and major cities in Mexico. For more information, visit www.unitedstationers.com
About the Sudler Companies
Founded more than 100 years ago in New Jersey, The Sudler Companies is a privately, family-owned major owner and developer of buildings, warehouses and shopping centers in 14 states in the United States. The Sudler Companies have a portfolio of more than 9 million square feet as well as hundreds of acres of development sites. Approximately 90% of this portfolio is in New Jersey. For more information, visit, www.sudlerco.com.
About KDC Solar LLC
KDC Solar was initially founded as a subsidiary of Kamine Development Corp (“KDC”) which itself was established in 1985 to develop, construct, own, and operate co-generation natural gas fired power plants. KDC ultimately became one of the largest independently owned power producers in the New York/New Jersey area generating more than 600 MWs of electricity. KDC Solar is supported by an allocation of $225 million in equity from Diamond Castle Holdings, a New York-based private equity fund with more than $1.8 billion of committed capital under management. KDC Solar is on track to becoming one of the largest owners and operators of solar power projects in New Jersey and the Mid-Atlantic states by supplying commercial and industrial companies with significantly lower long-term electric costs. For more information, visit www.kdcsolar.com
KDC Solar, LLC:
Alan M. Epstein
Phone: (908) 212-3621