GWS Technologies launches solar power initiative in Arizona

Fri. September 25, 2009; Posted: 09:35 AM

Sep 25, 2009 (Datamonitor via COMTEX) -- GWSC | Quote | Chart | News | PowerRating -- GWS Technologies, an alternative energy company, has launched an initiative to install solar energy systems in Arizona schools and other state and federal government facilities and has submitted its initial turn-key solar installation proposals.

The initiative follows the Arizona Corporation Commission's recent authorization for the Scottsdale Unified School District to enter into power-purchase agreements for solar systems on two high schools in which the school district will pay a private company for the power.

According to the company, the decision is seen as allowing schools and other government facilities to benefit from incentives offered by utilities since they are not eligible for federal tax credits.

In August 2009, the commission has approved a utility request for $143 million in extra incentives for commercial systems, including schools, bringing the total amount to roughly $220 million that the utility could pay out over the lifetime of the solar installations.

Richard Reincke, president of GWS Technologies, said: "This is another in a series of rulings by Arizona courts and regulators that will promote more renewable energy development in the state.

"We believe this action by the Arizona Corporation Commission opens the way for commercial-scale installation of solar power on government facilities throughout Arizona and we are aggressively pursuing these new opportunities."

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