Sunpower (SPWRA) Signs 1.7MW Deal With California Water District For Solar Power

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09:35:11 pm on May 10, 2011

It was announced earlier today that Sunpower (SPWRA) will design and build solar systems totaling 1.7MW for Rancho California Water District at two facilities.  The systems are expected to save the district more than $8 million over the next 25 years.  That’s not a lot of money over that time frame, but the savings really begin adding up if the majority of water districts begin powering with solar.  Improving efficiencies in solar over the next decade should also increase the savings substantially.  Sunpower will use its ground mounted tracking systems which follow the sun to improve efficiency.  The systems, which are expected to be completed by the end of the year, will be funded by California through qualified energy conservation bonds. 

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"With SunPower systems operating at more than 20 water agencies, representing approximately 19 megawatts in total, our experience and ability to deliver guaranteed performance sets us apart," said Jim Pape, president of SunPower’s residential and commercial business group. "We applaud RCWD’s leadership in taking advantage of the QECB program. Clean, reliable solar power makes good sense today for public agencies and our environment."

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