|From:||Lenny Siegel <firstname.lastname@example.org>|
|Date:||Mon, 22 Oct 2012 09:45:38 -0700 (PDT)|
|Subject:||[CPEO-MEF] ENERGY: China Lake (CA) solar array|
13.78-Megawatt SunPower Solar Power Plant at NAWS China Lake Begins
Operations, Expected To Reduce Costs by $13 Million
Project Financed Through First 20-Year Federal Government Solar Power
Purchase Agreement - A Replicable Model for Delivering Savings to
Sacramento Bee October 19, 2012SAN JOSE, Calif., Oct. 19, 2012 -- /PRNewswire/ -- In a dedication ceremony today attended by Acting Assistant Secretary of the Navy Roger Natsuhara, SunPower Corp. (NASDAQ: SPWR) announced the completion of the largest solar system in the US Navy, a 13.78- megawatt (DC) solar photovoltaic (PV) power system at Naval Air Weapons Station China Lake (NAWS China Lake) in Calif. Using SunPower's high-efficiency, Buy American-compliant solar panels, the plant is generating the equivalent of more than 30 percent of China Lake's annual energy load, helping to reduce costs by an estimated $13 million over the next 20 years.
Using a long-term energy procurement authority (US Code Section 2922A), the power plant is the first federal agency project to be financed through a 20-year term solar power purchase agreement (PPA). The 20-year PPA requires no upfront capital or maintenance obligations from the Navy, matches conventional project financing terms for solar power facilities, and allows the Navy to secure electricity at up to 30 percent below the rate available through shorter duration 10-year PPAs.
... For the entire release, seehttp://www.sacbee.com/2012/10/19/4925182/1378-megawatt-sunpower-solar- power.html
-- Lenny Siegel Executive Director, Center for Public Environmental Oversight a project of the Pacific Studies Center 278-A Hope St., Mountain View, CA 94041 Voice: 650/961-8918 or 650/969-1545 Fax: 650/961-8918 <email@example.com> http://www.cpeo.org _______________________________________________ Military mailing list Military@lists.cpeo.org http://lists.cpeo.org/listinfo.cgi/military-cpeo.org
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