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Tuesday, January 26, 2021

Six PV systems for Los Angeles funded under solar PPAs

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The facilities include a 239 kW system at the

California Institute of Technology (Caltech) in Pasadena; a 601 kW

system at BT’s North America corporate headquarters offices in El

Segundo; and Safeway’s Vons grocery stores in Monrovia (230 kW), Oxnard

(188 kW), Corona (205 kW), and Murrieta (198 kW).

The solar power

purchase agreements (PPAs), long-term energy financing solutions, help

customers turn to solar energy without the business or costs of solar

facility ownership, operation, or maintenance, says SPP. A solar PPA

allows SPP’s host customers to pay only for the energy produced by the

system, while SPP, alone and/or through its subsidiaries, develops,

operates, and maintains the system for the length of the agreement,

usually over twenty years. SPP’s host customers can enjoy predictable

energy rates for the life of their agreement.

SPP’s dedicated

asset management team operates each facility using web-based monitoring

technology, which provides performance data every 15 minutes and

operation alerts as necessary. SPP manages all aspects of preventative

maintenance and repairs when needed.

The Caltech solar system

features a 239 kW fixed rooftop array on the Holliston parking garage.

The system at BT’s office building in El Segundo is a 601 kW fixed

rooftop and elevated system, including a tracking system over the main

parking lot. The tracking modules move during the day to follow the

sun, thereby increasing energy production. The system is expected to

generate approximately one thousand GWh of renewable electricity each

year. The four Safeway stores in Monrovia, Oxnard, Corona, and Murrieta

total 821 kW in size, and are all fixed rooftop systems.

Financing

of the solar facilities was partially provided by Bank of America in

the form of a tax equity investment and Energy Investors Funds through

its United States Power Fund III.

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