As part of its effort to expand its clean energy portfolio, Cox Enterprises announced it has become the majority investor in a USD 25 million partnership that created four solar farms in Georgia and Florida,the company said.
The project is part of the company´s national Cox Conserves sustainability program, which celebrated its 10th anniversary last year. The program has long employed new sustainable technologies and programs to create environmental solutions and create new business ventures.
In total, the newly installed 42,000 solar panels harness enough energy from the sun to produce 13 megawatts of power. That is enough renewable energy to prevent nearly 14,000 tons of carbon from entering the environment each year, or the equivalent of taking 3,300 cars off roads.
Launched in 2007 by Chairman Jim Kennedy, Cox Conserves is Cox Enterprises´ national sustainability program. Cox Conserves focuses on reducing waste and energy consumption, as well as conserving water. The program engages each of the company´s major subsidiaries (Cox Communications, Cox Automotive and Cox Media Group) and encourages Cox Enterprises´ 60,000 employees and their families to engage in eco-friendly practices.
Cox Enterprises is a communications, media and automotive services company. With revenues exceeding USD 21 billion and approximately 60,000 employees, the company´s major operating subsidiaries include Cox Communications (cable television distribution, high-speed Internet access, telephone, home security and automation, commercial telecommunications and advertising solutions); Cox Automotive (automotive-related auctions, financial services, media and software solutions); and Cox Media Group (television and radio stations, digital media, newspapers and advertising sales rep firms).