Press release from Business Wire
City of Sacramento and SolarCity Announce Completion of Solar Projects at Two City Water Treatment Plants
<p class='bwalignc'> <i>City's drinking water will now be delivered with clean, renewable energy</i> </p>
Wednesday, May 08, 2013
City of Sacramento and SolarCity Announce Completion of Solar Projects at Two City Water Treatment Plants11:00 EDT Wednesday, May 08, 2013
SACRAMENTO, Calif. (Business Wire) -- SolarCity® Corporation (Nasdaq: SCTY), a leading provider of clean energy, and the City of Sacramento today announced the completion of two solar installations to power the city's E.A. Fairbairn Water Treatment Plant on the American River and the Sacramento River Water Treatment Plant on the Sacramento River. SolarCity financed, installed and will maintain the solar systems at no cost to the City, with the City paying less for the renewable power generated by the solar systems than the current utility rates. With these new solar systems, the City of Sacramento will deliver the critical commodity of clean drinking water to thousands of residents using clean, solar energy.
“Sacramento is a leader in creating green jobs and reducing our carbon footprint,” said Mayor Kevin Johnson. “This public-private partnership adds more solar energy to our city portfolio, reducing operating costs for ratepayers, making great progress toward the goals in our award-winning Climate Action Plan and creating jobs in our region's renewable energy industry. We are very proud of this project and all those involved.”
The two new systems will generate an estimated 2.2 million kilowatt hours of solar electricity annually, which is roughly equivalent to the amount needed to power 200 average American homes. The systems will also offset more than 78 million pounds of carbon dioxide (CO2) over their lifetime, equivalent to planting 42,360 trees. SolarCity custom designed the ground-mount panel installations for these two facilities by factoring in the water tank weight constraints. City officials can track the two installations' energy production and consumption around the clock with SolarCity's proprietary PowerGuide™ monitoring service, which is fully integrated with the city's own centralized monitoring system.
“The City of Sacramento's continuing commitment to renewable energy has played a key role in helping the state of California maintain its leadership as the top solar energy producer in the nation,” said Dennis Cox, SolarCity's regional vice president in the Central Valley. “SolarCity's Sacramento operations center currently employs more than 150 people locally, due in part to the City of Sacramento's environmental and economic stewardship.”
The two water treatment plants' solar systems, totaling 1.5 megawatts, boost the City of Sacramento's total solar capacity by 80 percent. SolarCity previously installed solar power at four other key municipal sites: the City Hall, the Police Department, the Meadowview Service Center and the South Corporation Yard.
SolarCity® (NASDAQ: SCTY) provides clean energy. The company has disrupted the century-old energy industry by providing renewable electricity directly to homeowners, businesses and government organizations for less than they spend on utility bills. SolarCity gives customers control of their energy costs to protect them from rising rates. The company offers solar power, energy efficiency and electric vehicle services, and makes clean energy easy by taking care of everything from design and permitting to monitoring and maintenance. SolarCity currently serves 14 states and signs a new customer every five minutes. Visit the company online at www.solarcity.com and follow the company on Facebook & Twitter.
This release contains forward-looking statements including, but not limited to, statements regarding expected savings, expected electricity offsets and assumptions relating to the foregoing. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved, if at all. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward looking statements. You should read the section entitled “Risk Factors” in our annual report on Form 10-K, which has been filed with the Securities and Exchange Commission, which identifies certain of these and additional risks and uncertainties. We do not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.
Khyati Shah, 650-963-5674 (Media)