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.
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.
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.