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The project was developed using a solar Power Purchase Agreement, which required no cash outlay from VCMWD, who will purchase the generated power from SPP for the twenty-five year life of the agreement.
"I am pleased to announce the successful completion of our flat-plate solar installation at Valley Center, on schedule and to the client's specifications," said Frank Smith, CEO, WorldWater and Solar Technologies. "This is another example of our ability to deliver 'best in class' solar technology to large commercial clients, as we did for Denver International Airport and Fresno Yosemite International Airport. The experience gained from these installations will serve us well as we look to bring our ENTECH CPV and CPVT modules to the market this year."
"Solar Power Partners is proud to partner with WorldWater and Valley Center on this exciting solar solution. This facility is a wonderful example of what can be accomplished when water districts adopt solar and support renewable energy," said Alexander v. Welczeck, President and CEO of Solar Power Partners.
"After almost three years of negotiating, planning, and implementation, it is very rewarding to finally see this 'double green' project come to life," says Gary Arant, General Manager, Valley Center Municipal Water District. "This will provide long-term financial benefits for our agency and community, as well as a reduced carbon production environment - thus double green."
Additional partners on this project included Sharp Solar, which supplied the panels for the project, and Xantrex Technology Inc., a subsidiary of Schneider Electric, which provided the inverters.
About WorldWater & Solar Technologies Corp. and ENTECH:
WorldWater & Solar Technologies Corp. is a full-service, solutions-driven solar electric engineering and design company offering unique, high-powered and patented solar technology. ENTECH, Inc., a subsidiary of WorldWater, is a high-technology solar energy company specializing in patented solar concentrating and CPVT (Concentrating Photovoltaic Thermal) systems. ENTECH's systems can produce electrical output, a combination of electricity and thermal energy or thermal energy alone. Commercial applications vary in size from one kilowatt remote power units to large, multi-megawatt utility power plants. For more information, visit www.worldwater.com or www.entechsolar.com.
About Solar Power Partners, Inc.:
Solar Power Partners, Inc. (SPP) is a California-based renewable energy company that is leading the way in streamlining the adoption of clean solar energy by businesses, institutions and municipalities throughout the United States. Combining the financing strength of solar Power Purchase Agreements (PPAs) with the expertise and best practices of top solar and building industry professionals, SPP gives building owners a clear path to achieving energy independence with predictable electrical rates and without the risks or costs of owning and maintaining solar facilities. For more information please see www.solarpowerpartners.com.
About Valley Center Municipal Water District:
Valley Center Water District is a public water agency located in north central San Diego County, serving a 100 square mile rural agricultural community with 42 reservoirs, over 300 miles of pipe and 26 electric and natural gas powered pumping stations. It is one of the top 20 power purchasers in the San Diego Gas and Electric Service area and is a recognized leader in the areas of energy efficiency and alternative power development.
SOURCE: WorldWater & Solar Technologies Corp.
WorldWater & Solar Technologies Corp. Press: Amy Copeman, 609-818-0700 ext. 58 acopeman@worldwater.com or Investor Relations: Chris Witty, 646-438-9385 cwitty@darrowir.com or Solar Power Partners, Inc. Sierra Fong, 415-389-8981 x 719 sfong@solarpowerpartners.com or Valley Center Water District Gary Arant, 760-749-1603, ext. 215 garant@valleycenterwater.org
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