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Solar Power Partners Completes Development Of 5.1mw Of Distributed Solar Systems
By TechnoKat
MILL VALLEY, CA - June 2, 2008- Solar Power Partners, Inc (SPP), a nationwide developer of distributed commercial solar energy facilities, today announced that it has completed development for a portfolio of 15 distributed solar PV projects with an installed value exceeding $35M and representing a diverse spectrum of commercial solar facilities. The development and continuing management of these 15 solar PV projects, of which 8 have been placed into commercial operation and 7 are in the final stages of construction, validates SPP's business approach in the rapidly emerging commercial solar Power Purchase Agreement (PPA) market.
The 15 facilities represent 5.1MW of renewable energy generating assets developed to sell electricity to the host customers under commercial PPAs. The projects include 8 rooftop systems for one of the largest grocery store chains in America, a 2MW single-axis tracking ground-mount system for a California airport, a 400kW fixed groundmount system for a county juvenile detention center, and systems serving a boutique winery, a series of walnut processing facilities, a northern California water district, and the headquarters of a major Central Valley religious organization. All 15 projects are expected to be completed and fully operational
by end of June 2008.
SPP's industry leading project development processes and system design and construction management standards helped insure that these solar energy facilities met the strict quality guidelines required to provide predictable power production over the expected life of the systems. SPP teamed with Suntechnics Energy Systems, Borrego Solar, Premier Power, Advance Solar, World Water and Solar, Solar Power Inc. and 3rd Rock Technologies in the development of the diverse portfolio of facilities.
"Our success in completing development of this distributed solar PV portfolio demonstrates a commitment to provide reliable long-term renewable solar energy by SPP and its partners, and it validates SPP's dedication to building long term quality assets for our Investor/Owners" said Alexander v. Welczeck, SPP's Co-Founder and CEO. "Working closely with our financial partners to constantly improve internal development processes and to enhance our risk management and quality assurance methodologies will continue to differentiate SPP as we strive to exceed our customers' and partners' expectations." added Hugh A. Kuhn, SPP's Vice President of Operations & Technology.
About Solar Power Partners
Solar Power Partners, Inc. is a California-based renewable energy company that helps businesses, institutions, municipalities and agricultural customers embrace solar energy. SPP develops and operates distributed solar energy facilities and sells solar-generated electricity through Power Purchase Agreements, long-term energy financing solutions that help customers go green without the hassles or costs of solar facility ownership and maintenance. SPP serves the continental United States and Hawaii and teams with the nation's best solar integrators for customized, renewable energy installations.
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