SAN JOSE and SAN DIMAS, Calif., Jan.
11, 2017 /PRNewswire/ -- Bonita Unified School
District (BUSD) and SunPower Corp. (NASDAQ:SPWR) celebrate the near
completion of multiple SunPower® Helix™ solar systems across 13
school sites in California's San
Gabriel Valley with a community ribbon-cutting event at San Dimas
High School today, January 11, 2017,
4 p.m. Pacific Time.
A combination of carports, shade structures and fixed-tilt
systems will total 3.9 megawatts. The Helix systems are complete
with SunPower® EnergyLink™ software, a comprehensive, powerful
energy intelligence software (EIS) for solar which quantifies
real-time demand charge savings, and identifies demand peaks and
savings opportunities. BUSD expects to save more than $26 million in electricity costs over 30 years by
switching to solar.
"The money saved over the next 30 years will be used to support
the educational programs of the District," said Assistant
Superintendent Ann Sparks. "SunPower
was selected because they provide the industry's best power and
product warranty, system maintenance, and value pricing. We are
very happy to be working with them."
The SunPower® Helix™ systems installed at the school sites are
expected to generate more than 6 million kilowatt hours of clean
solar energy each year. Over 30 years, this would equate to
removing nearly 26,000 cars from the road according to the EPA
Greenhouse Gas Equivalencies Calculator. To finance the majority of
the project, the District secured U.S. Department of Treasury clean
renewable energy bonds (CREBs), which are available to certain
entities, primarily in the public sector, to finance renewable
energy projects. BUSD also owns the renewable energy credits
associated with the systems. About $2
million of the cost will be supplied through Measure AB
funds, which voters approved in 2008.
"We're thrilled to celebrate BUSD's commitment to a clean energy
future with SunPower's high efficiency, high reliability solar,"
said Bill Kelly, SunPower vice
president. "It's rewarding to see a district like BUSD reduce
electricity costs through solar power, while demonstrating the
incredible potential of renewable energy to their students, the
energy that will power their future."
A leader in delivering innovative energy solutions to
California school districts,
SunPower has installed more than 135 megawatts in 30 districts.
According to the Solar Energy Industries Association (SEIA), this
is enough to power 33,750
average California homes.
About Bonita Unified School District
Bonita Unified School District serves 10,230 students from the
La Verne, San Dimas, and surrounding communities with
comprehensive educational services on thirteen campuses. The
District is known for innovative educational practices, strong
athletic and arts programs, and successful business practices that
have saved taxpayer dollars while still providing a well-rounded
education for all students.
About SunPower
As one of the world's most innovative and sustainable energy
companies, SunPower (NASDAQ:SPWR) provides a diverse group of
customers with complete solar solutions and services. Residential
customers, businesses, governments, schools and utilities around
the globe rely on SunPower's more than 30 years of proven
experience. From the first flip of the switch, SunPower delivers
maximum value and superb performance throughout the long life of
every solar system. Headquartered in Silicon Valley, SunPower has
dedicated, customer-focused employees in Africa, Asia,
Australia, Europe, and North and South America. For more information about how
SunPower is changing the way our world is powered,
visit www.sunpower.com.
SunPower's Forward-Looking Statements
This press release contains "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of
1995, including, but not limited to, statements regarding expected
project timelines, projected energy output, and expected cost
savings. These forward-looking statements are based on our current
assumptions, expectations and beliefs and involve substantial risks
and uncertainties that may cause results, performance or
achievement to materially differ from those expressed or implied by
these forward-looking statements. Factors that could cause or
contribute to such differences include, but are not limited to:
regulatory changes and the availability of economic incentives
promoting use of solar energy, challenges inherent in constructing
and maintaining certain of our large projects, and fluctuations or
declines in the performance of our solar panels and other products
and solutions. A detailed discussion of these factors and other
risks that affect our business is included in filings we make with
the Securities and Exchange Commission (SEC) from time to time,
including our most recent report on Form 10-K, particularly under
the heading "Risk Factors." Copies of these filings are available
online from the SEC or on the SEC Filings section of our Investor
Relations website at investors.sunpowercorp.com. All
forward-looking statements in this press release are based on
information currently available to us, and we assume no obligation
to update these forward-looking statements in light of new
information or future events.
©2017 SunPower Corporation. All Rights Reserved.
SUNPOWER, the SUNPOWER logo, ENERGYLINK and HELIX are trademarks or
registered trademarks of SunPower Corporation in the U.S. and other
countries as well.
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SOURCE SunPower Corp.