National Development Council Celebrates Opening of Utah’s Largest Solar Energy Project Opening Coincides with Non-Profit’s Nomination for 2012 CDFA Excellence in Energy

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National Development Council, the nation’s oldest non-profit community development organization, announced today that its Housing and Economic Development Corporation (HEDC) New Markets, Inc. will celebrate the opening of Salt Lake City’s Salt Palace Convention Center, the largest solar energy project in Utah. In addition to today’s opening ceremonies, NDC is also celebrating the organization’s nomination for a 2012 CDFA Excellence in Energy Finance Award for its financing work on the project.

It's our mission to lessen the burdens of government while building institutions. Our collaborations with Salt Lake County and other public and private institutions in Utah have resulted in creation of major public education in renewable energy.

National Development Council (NDC) http://www.NationalDevelopmentCouncil.org., the nation’s oldest non-profit community development organization, announced today that its Housing and Economic Development Corporation (HEDC) New Markets, Inc. will celebrate the opening of Salt Lake City’s Salt Palace Convention Center, the largest solar energy project in Utah. In addition to today’s opening ceremonies, NDC is also celebrating the organization’s nomination for a 2012 CDFA Excellence in Energy Finance Award for its financing work on the project.

“We are incredibly proud to join the people of Utah in celebrating today’s opening, and to be recognized for our work on the Salt Palace Convention Center, which hosts the largest solar installation in the state of Utah,” said Robert W. Davenport, President, National Development Council. “It's our mission to lessen the burdens of government while building institutions. Our collaborations with Salt Lake County and other public and private institutions in Utah have resulted in creation of major public education in renewable energy."

The Salt Palace Convention Center’s solar installation is one of the largest rooftop solar installations in the United States. The 1.65-megawatt photovoltaic rooftop solar array measures the size of five football fields, and is expected to provide the convention center with up to 17 percent of its energy from the sun. Present value savings to the county over the estimated 25-year useful life of the system is expected to be $2.5 million. In addition, an estimated 86 million pounds of CO2 will be avoided, and more than 26 million gallons of water used in association with coal-fired electricity will be saved.

A public event celebrating the opening will take place on Thursday, May 24 at 10AM in the South Plaza of the Salt Palace Convention Center, located at 200 South West Temple, and will feature speakers including Mayor Peter Corroon, Bella Energy’s Andrew McKenna and NDC’s Chuck Depew.

NDC has brought more than $1.2 billion in investments to 67 projects in 24 states in its storied history. The projects have included manufacturing businesses, research and development facilities, and retail and commercial developments in underserved neighborhoods, as well as community facilities that provide health, social and educational services to low-income individuals and families.

About National Development Council
Founded in 1969, the National Development Council is a national non-profit organization that has evolved into one of the most progressive and innovative community and economic development organizations in the country. From a seminal role in the earliest days of the community development movement, NDC has grown into one of the most comprehensive suppliers of financing, development expertise, technical assistance and training for community revitalization efforts throughout the U.S. For more information, go to http://www.NationalDevelopmentCouncil.org.

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Angela Butler
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