The University of California, Davis and SunPower Corp. SPWR plan to build a 16-megawatt, ground-mounted solar power plant that is expected to generate 14 percent of UC Davis' electricity needs. The university anticipates that, when the plant is completed in 2015, more than one-third of total electricity demand on campus will be served from carbon neutral energy sources. On completion, the project will be the largest solar power installation in the University of California system, and the largest solar power plant to offset the electricity demand of a U.S. university or college campus.
"UC Davis is already a national and international leader in sustainability, but this new project truly puts us in a league of our own," said UC Davis Chancellor Linda P.B. Katehi. "We are pleased to join with SunPower in making this solar plant a reality and hope that the success of this public/private partnership spurs similar initiatives at universities across the country."
The plant, to be built on a 70-acre site south of Interstate 80, will be owned and operated by SunPower, which will also design and construct the project. The plant will improve the University's ability to accurately budget for electricity costs, and UC Davis anticipates that it will provide an effective long-term hedge against future utility rate increases.
"SunPower's first project on the UC Davis campus included the design and construction of four megawatts of high efficiency SunPower technology to power the UC Davis West Village neighborhood, the nation's largest net-zero community," said Howard Wenger, SunPower president. "The university's vision to integrate cost-effective, sustainable energy solutions is unparalleled, and is further advanced today by this milestone commitment to build the nation's largest solar plant to offset electricity demand of a university campus."
SunPower will install its SunPower® Oasis® Power Plant technology at the site, which uses single-axis tracking technology to position high efficiency solar panels to track the sun throughout the day, increasing energy capture by up to 25 percent over fixed-tilt solar technology. The technology includes robotic panel cleaning capability that reduces water usage by approximately 90 percent over traditional cleaning methods.
The project is designed to generate 33 million kilowatt-hours of electricity per year, compared to total campus electricity use of 228 million kilowatt-hours in 2013-14. It is expected to reduce the campus' carbon footprint by an estimated 9 percent.
"UC Davis's greenhouse gas emissions are lower today than they were five years ago despite campus growth," said Sid England, assistant vice chancellor for environmental stewardship and sustainability at UC Davis. "Adding the new solar project will help continue this remarkable trend and supports President Napolitano's initiative to be carbon neutral by 2025."
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Posted In: NewsPress Releases
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in