RIVERSIDE, CA, May 9, 2013 -- Western Municipal Water District's newly-commissioned 916-kilowatt SunPower (NASDAQ: SPWR) solar power system is soaking up the sun, delivering an expected savings of up to $4.6 million over the next two decades. The system, located at Western's Operations facility off of El Sobrante in Riverside, Calif., is also helping maintain Western's commitment to supporting deployment of renewable energy technologies.
"Hosting solar power systems is an easy, affordable choice for Western," said Western’s General Manager John Rossi. "With an estimated $110,000 per year in savings on electricity from the new system, this investment will help hold down our rates for the services we provide to our customers."
Western contracted with SunPower to install the SunPower T0 Tracker® system at its Operations facility. The solar system follows the sun's movement during the day, increasing sunlight capture over conventional fixed-tilt systems.
Western financed the system through a power purchase agreement with SunPower. Under terms of the agreement, Wells Fargo owns the system that SunPower designed, built, and will operate and maintain. Western is buying the electricity at rates that are competitive with retail electricity, minimizing the effect of rising electricity costs with no capital investment. Western will not retain the renewable energy credits associated with the system.
According to information provided by the U.S. Environmental Protection Agency, Western's new system is expected to avoid 944 tons of carbon dioxide emissions each year -- which is equivalent to removing 3,560 cars from California's roads over the first 20 years of the system's operation.
A celebration to dedicate the new system has been planned for June 12, 9 a.m., at the project site, 16451 El Sobrante Road, Riverside.
About Western Municipal Water District
Western Municipal Water District provides water supply, wastewater disposal and water resource management to the public in a safe, reliable, environmentally sensitive and financially responsible manner.
About SunPower
SunPower Corp. (NASDAQ: SPWR) designs, manufactures and delivers the highest efficiency, highest reliability solar panels and systems available today. Residential, business, government and utility customers rely on the company’s quarter century of experience and guaranteed performance to provide maximum return on investment throughout the life of the solar system. Headquartered in San Jose, Calif., SunPower has offices in North America, Europe, Australia, Africa and Asia. For more information, visit www.sunpowercorp.com.
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