NOVATO, CA, Nov. 21, 2011 -- SPG Solar Inc. has completed the construction of a 2.3 megawatt (MW) DC solar power project at the Neely Wastewater Reclamation Facility in Gilbert, Arizona. The system, owned by a unit of Integrys Energy Services Inc., is installed over existing recharge basins at the reclamation facility and is expected to provide a savings of up to $2 million over the next 20 years to Gilbert.
With more than 8,000 solar panels mounted on the high performing SPG Solar SunSeeker® Tracker, the optimized solar power system will generate more than 4 million kilowatt-hours (kWh) of electricity annually -- equivalent to producing enough energy to power more than 430 average American homes for one year.
"Gilbert is thrilled to be dedicating this system today and applauds the great partnership with those involved on this initiative," said Gilbert Mayor John Lewis. "The construction of this solar powered system reaffirms the community's focus on environmental stewardship and further enhances the business case for clean technology companies to operate and invest in Gilbert based on available workforce and local and state incentives."
The solar power system was made possible through a solar power purchase agreement (PPA), arranged by SPG Solar and owned by an indirect subsidiary of Integrys Energy Services Inc., a company which provides competitive retail energy supply solutions and owns a portfolio of renewable energy assets. The agreement is structured with no upfront capital costs to the municipality, and incentives for the system are being provided by Arizona's largest utility company, Arizona Public Services (APS). The APS Renewable Energy Incentive Program offers financial incentives to customers who add renewable energy systems to their home or business.
"Making solar an affordable solution for the Gilbert community allows them to plan for the future, lock in predictable electricity rates and reduce costs, all with no upfront capital outlay from the town," said Michael Johnson, Vice President Structured Finance at SPG Solar. "By bringing together the right partners and financing options, we are making solar a reality at the Neely Wastewater Reclamation Facility."