Hertz Plans Solar-Power Projects at JFK, Newark Airports

Hertz Global Holdings Inc. (HTZ), the second-largest U.S. car-rental company, is building 11 solar plants this year, including two at New York-area airports, as it seeks to increase its use of renewable power.

Hertz has completed a project at its Park Ridge, New Jersey, headquarters and is planning systems at John F. Kennedy International Airport and Newark Liberty International Airport, the company said today in a statement.

The projects are part of Hertz’s efforts to add renewable- energy generation to its facilities. It’s planning eight additional systems this year in Augusta and Macon, Georgia; Denver, Los Angeles, Newark, Boston and New York, adding to the seven systems installed at car- and equipment-rental locations through 2011.

“The goal is to outfit as many of our locations here in the U.S. and overseas with solar as possible,” Rich Broome, Hertz’s senior vice president of corporate affairs and communications, said today in an interview. Even as incentives disappear, the company expects costs for solar power to continue to come down, he said. “Solar makes sense for us.”

Hertz is paying to install the systems on low buildings and covered roofs at its car- and equipment-rental facilities, Broome said. Enterprise Holdings Inc. is the largest U.S. car- rental company.

To contact the reporter on this story: Ehren Goossens in New York at egoossens1@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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