Cox Enterprises Announces $25M Investment in Solar Industry

The partnership project is a part of National Cox Conserves sustainability program that has long employed new sustainable technologies and programs to create both business ventures and environmental solutions.

Cox Enterprises has announced that it has become the majority investor in a $25 million (M) partnership that created four solar farms in Georgia and Florida.

The partnership project is a part of National Cox Conserves sustainability program that has long employed new sustainable technologies and programs to create both business ventures and environmental solutions.

Speaking on the development, Cox Enterprises Assistant Vice President of Environmental Sustainability Steve Bradley said, “This is just one of many Cleantech initiatives that will help us meet our goal of leaving the world in a better place for future generations.”

He further added “Cox has a long history of being aggressive and methodical with respect to driving positive environmental change.”

The installed solar panels have enough capacity to harness energy from sun to produce 13 megawatts of power. The total number of solar panels installed is 42,000.

Each year, this amount of solar panels is enough to prevent nearly 14,000 tons of carbon from entering the environment.

The project is a part of the 34 solar PV projects Cox has completed in the past decade, and this is the second partnership between Cox and PEC Velo.

“In Douglasville, we’ve received great feedback from residents who are thrilled about how the property is being used,” said Bradley. “At Cox, our commitment to environmental sustainability is enduring and we aim to accelerate our efforts through more and larger investments in the near future, he further added.