APS Partners with ASU, PayPal to Add More Solar Power in Arizona
January 11 2017 - 6:51PM
Business Wire
Latest project is the largest APS grid-scale
solar plant dedicated to date
The Red Rock Solar Plant – an example of how utilities can
partner with customers to develop cost-effective solar energy – was
unveiled to the public today. APS developed and will own and
operate the 40-megawatt photovoltaic plant, located 30 miles south
of Casa Grande in Red Rock, Ariz. Arizona State University (ASU)
and PayPal will purchase renewable energy from APS that is
equivalent to the amount Red Rock is projected to generate.
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The Red Rock Solar Plant was unveiled to
the public today. APS developed and will own and operate the
40-megawatt photovoltaic plant, located 30 miles south of Casa
Grande in Red Rock, Ariz. Arizona State University (ASU) and PayPal
will purchase renewable energy from APS that is equivalent to the
amount Red Rock is projected to generate. Red Rock is APS’s largest
grid-scale solar power plant, surpassing the 35-megawatt Foothills
Solar Plant located near Yuma, Ariz. (Photo: Business Wire)
“The construction of Red Rock is a great example of how we
partner with our commercial customers to find innovative and
sustainable solutions that can help them realize their green energy
goals,” said Daniel Froetscher, APS Senior Vice President of
Transmission, Distribution and Customers. “The cooperation between
APS, ASU and PayPal demonstrates how the Arizona business community
is committed to developing solar energy in a smart, cost-effective
manner.”
ASU and PayPal were both seeking ways to reduce their carbon
footprint. This agreement helps ASU expand its solar energy
sourcing beyond its almost 25 megawatts of on-campus solar sites.
It also helps PayPal keep up with its energy demand, while also
supporting a desire to be a leader in the community by driving
energy sustainability.
“We are very pleased that the Red Rock Solar Plant will more
than double our solar generating capacity to more than 50
megawatts,” said Morgan R. Olsen, ASU executive vice president,
treasurer and chief financial officer. “This project enables us to
expand our solar portfolio substantially with no initial capital
investment and underscores our sustainability commitment. ASU is
proud to continue building our solar collection that has grown to
88 installations since 2004. In calendar year 2017, we expect
approximately 30 percent of our electrical needs will be met with
clean, renewable solar energy.”
Red Rock is APS’s largest grid-scale solar power plant,
surpassing the 35-MW Foothills Solar Plant located near Yuma, Ariz.
Large solar plants, like Red Rock, take advantage of economies of
scale to provide additional solar to more customers at a lower
cost.
“Arizona is one of the most solar-friendly states in the nation,
and APS remains at the forefront among solar-friendly companies,”
Froetscher said. “In fact, last year, we reached one gigawatt of
solar on our system, becoming the only utility outside California
to achieve this milestone.”
The Red Rock Solar Plant is located east of APS’s Saguaro
Natural Gas Power Plant on land APS has owned since the 1950s. With
transmission lines already nearby, the 400-acre plot was an ideal
location for a grid-scale solar plant. With the completion of the
solar plant, the land is now creating additional tax income for
Pinal County and other local taxing authorities.
APS serves about 2.7 million people in 11 of Arizona’s 15
counties, and is the Southwest’s foremost producer of clean, safe
and reliable electricity. Using a balanced energy mix that is
nearly 50 percent carbon-free, APS has one of the country’s most
substantial renewable energy portfolios, and owns and operates the
Palo Verde Nuclear Generating Station, the country’s top power
producer and largest producer of carbon-free energy. The company is
also a proven leader in introducing technology and services that
offer customers choice and control over their energy consumption.
With headquarters in Phoenix, APS is the principal subsidiary of
Pinnacle West Capital Corp. (NYSE: PNW).
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version on businesswire.com: http://www.businesswire.com/news/home/20170111006175/en/
APSMedia Contact:Steven Gotfried, 602-250-3040Analyst
Contact:Ted Geisler, 602-250-3200Website: aps.com/newsroom
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