Deutsche Bank has completed and begun operation of a brand new, 122.4 kW solar photovoltaic (PV) system on the roof of its Americas' headquarters located at 60 Wall St. in New York City. The roof-mounted solar panel array will reduce the bank's electricity consumption and is expected to decrease its carbon emissions by 100 metric tons each year.
The 50-story, 745-foot-tall skyscraper is occupied solely by Deutsche Bank. The system, located on the south and east portions of the roof, is the largest in Manhattan and currently the highest elevated in the world, topping out at 737 feet above the ground. The 1.6 million-square-foot, class A office tower was built in 1988 in Manhattan's Financial District between William & Pearl Streets.
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"We are firmly committed to being a leader in sustainability and innovation," said Seth Waugh, CEO of Deutsche Bank Americas. "This project is one part of a comprehensive global program to reduce the Bank’s consumption of fossil fuels and shift to more renewable sources of energy. Our goal is to neutralize the Bank’s global CO2 emissions by 2013."
This is Deutsche Bank's third solar project in North America, including the two-phase installation of a 1.267 mW system installed at it's now net-zero electric building in Piscataway, NJ. A fourth project is currently underway, a 1.5 mW project in Parsippany, NJ slated for completion later this year. Deutsche Bank has increased its use of clean energy to 65 percent globally and 100 percent of its purchased electricity in North America is generated from wind power.