SAN JOSE and EL CAJON, Calif., Feb.
21, 2017 /PRNewswire/-- This spring, Cajon
Valley Union School District (CVUSD) and SunPower Corp.
(NASDAQ:SPWR) will begin construction of SunPower® Helix™ solar
systems at 24 school sites in the El
Cajon region of San Diego
County. The solar installations totaling 4.6 megawatts (MW)
will primarily include carports, as well as a few rooftop systems,
and should be operational by the end of this year.
"With CVUSD's solar investment, we continue to enrich both our
schools and our communities by generating clean, renewable energy
which will help save on electricity costs and improve our local
environment," said Scott Buxbaum,
CVUSD Assistant Superintendent of Business Services. "After
reviewing qualifications and proposals from six firms, we are very
pleased to have selected SunPower's proposal as the best value to
the District. Their team has been great to work with."
CVUSD owns the solar power system, along with the associated
renewable energy credits. To finance a 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.
"We're pleased to welcome CVUSD to a growing number of school
districts across the country that are seeing the economic and
environmental value that reliable solar energy solutions from
SunPower can generate," said Nam
Nguyen, SunPower senior vice president. "Innovative
financing options like CREBs and local bonds can accelerate the
return on a solar project, making it easy for schools to reinvest
savings into their classrooms."
A leader in delivering innovative energy solutions to
California schools, SunPower has
installed more than 135 MW in 30 districts. According to the Solar
Energy Industries Association (SEIA), this is enough to power
33,750 average California homes. Recently announced
SunPower education customers include Bonita Unified School
District, West Contra Costa Unified School District, and Colton
Joint Unified School District.
Attendees of the 38th Annual Conference on School
Facilities hosted by California's
Coalition for Adequate School Housing in Sacramento, can visit SunPower at booth 209 to
learn more about the benefits of solar for
schools.
About Cajon Valley Union School District
The Cajon Valley Union School District (CVUSD) serves a diverse
population of over 16,500 students from preschool through 8th grade
at 27 sites. CVUSD recognizes each student enters our schools
with his or her own unique strengths, interests, and values. Our schools use
digital resources, technology and a blended learning environment to
offer personalized programs and educational opportunities to
support students' academic success and develop their strengths and
interests.
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 reports on Form 10-K and Form 10-Q,
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 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.