Vanguard Energy Partners Announces Record Growth in 2010

Vanguard Energy Partners has proclaimed that 2010 was a year of unmatched growth and success with an unparalleled number of new customers and major solar projects. Vanguard still continues to be the first choice for educational institutions, government agencies and businesses that plan to lower energy expenses by utilizing clean renewable solar electricity.

Vanguard with a 1.70 MW capacity projects in the past year has completed 12.15 MW this year showing a dramatic growth. The company almost tripled its employees to facilitate this growth and expansion and shifted its new and expanded corporate headquarters to Branchburg in New Jersey, and also opened other offices in Boston and Bethlehem along with a construction office at Two Commerce Street in New Jersey.

According to Tom Buono, Vice President and Principal of Operations for Vanguard, increasing number of big building owners were realizing that solar power was beneficial for both the environment and the economy . He mentioned that in 2011, the company had plans to expand in the Mid-Atlantic and Northeast states with installations producing 25 MW of solar energy.

Vanguard’s successes include signing an agreement with SolarWorld USA for the purchase of 25 MW of PV solar modules; Establishment of a subsidiary company, Vanguard Energy Capital (VEC), for offering alternate financial options to eligible customers at no capital outlay or risk; Vanguard was chosen by the Somerset County Improvement Authority to set up 7.6 MW of solar energy systems at 31 County Government and domestic locations all through Somerset County in New Jersey, which would create a $18.35 million savings for the taxpayers while avoiding 15,428,397 lbs of carbon emissions; Vanguard also constructed a ground mounted solar array in the Federal Correctional Institute in Fairton, New Jersey accounting for a 27% energy usage reduction in the prison and also decreasing CO2 emissions by almost 790,000 lbs every year; Vanguard also implemented solar arrays in Gill St. Bernard’s School, Pitman High School and Stafford Intermediate School in New Jersey, which are not only harnessing solar energy but also educating the students and teachers alike on the benefits of renewable energy. Vanguard has deployed a 250 kW solar PV system at the Deutsche Bank’s Piscataway facility in New Jersey helping the bank to meet its target of net-zero electric status by 2011; Vanguard was chosen as one of the finalists for the Emerging Business of the Year in the NJ BIZ Business of the Year Awards for the year 2010.


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