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Hormel Foods Announces Construction of Solar Energy Project
Hormel Foods Corporation (NYSE: HRL) and IGS Solar have started construction on a solar energy project at the Hormel Foods Swiss American Sausage Company facility in Lathrop, Calif. The project is slated for completion in July.
IGS will partner with PCI Solar who will install the solar system, which will consist of 1,998 panels constructed on both roof and ground space. The project is projected to generate roughly 1.2 million kilowatt hours (kWh) per year — enough to supply more than 15 percent of the facility's annual electricity consumption.
The new solar array will help the environment by offsetting an estimated 869 metric tons of CO2 emissions per year that would otherwise be emitted by a conventional fossil fuel power plant. That amount of emissions avoided is also...
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