Tiffany & Co. Dedicates One of the East Coast’s Largest Solar Projects (NJ)

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PARSIPPANY, N.J.--(BUSINESS WIRE)--Tiffany & Co. (NYSE: TIF), one of the world’s premier jewelers, today marked the addition of clean, emissions-free, renewable solar power to its energy portfolio with the dedication of one of the East Coast’s largest commercial solar projects. Tiffany’s has deployed 1.3 megawatts of solar energy at the company’s retail distribution centers in Whippany (680 kilowatts) and Parsippany (656 kilowatts).

At a ceremony attended by New Jersey’s Office of Economic Growth, New Jersey’s Department of Environmental Protection and the New Jersey Board of Public Utilities, Tiffany celebrated the success of the project – designed, deployed and operated by PowerLight, a subsidiary of SunPower Corporation (NASDAQ: SPWR). Installed in the summer 2006, the solar panels generate enough energy during the day to power more than 1,300 New Jersey homes.

“Integrating solar power into our energy portfolio is one step in our efforts to help address the climate change challenges we are confronting,” said Michael Kowalski, chairman and CEO of Tiffany & Co. “It is part of our broader goal of sustainable style, bringing our customers enduring designs while upholding our commitment to help protect the beauty of the natural world and to responsibly use the natural resources it provides.”

"Investing in renewable energy is critical for our nation’s long term economic and energy security, as well as the health of our environment," said Chief of New Jersey Office of Economic Growth Gary Rose. "By diversifying our energy portfolio with solar energy, and other renewable power resources, we can reduce our dependence on fossil fuels while driving a new high-tech economic sector."

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