By GlobeNewswire, October 30, 2013, 08:31:00 AM EDT
Solar Farm Completed Ahead of Schedule is Expected to Generate Enough Energy to Power More Than 400 Homes
LOUISVILLE, Colo., Oct. 30, 2013 (GLOBE NEWSWIRE) -- RGS Energy, the commercial and utility division of Real Goods Solar, Inc. (Nasdaq:RSOL), and St. Albans Solar Partners, LLC, has completed a new 2.2 megawatt (MW) solar farm ahead of schedule. The energy produced by the PV system in Vermont is expected to generate approximately 3.1 million kilowatt hours (kWh) annually, enough energy to power more than 400 homes.
"The completion of our solar farm ahead of schedule is made possible by the professional and efficient work of Real Goods Solar," said Joe Larkin, project owner at St. Alban's Solar Partners. "This completed project represents a marquee solar farm in Vermont, which will add a substantial new source of clean and renewable energy to the state."
The fixed array ground mount solar system will deliver environmental benefits to the region, eliminating more than 123 million pounds of annual carbon dioxide emissions over 25 years or the equivalent to planting more than 1.4 million trees (per EPA-based data). It also helps Vermont reach its goal of 20% renewable energy by 2017.
"When we 'flip the switch' we will be delivering 100% clean renewable solar energy to the residents of Vermont," said Seamans. "Now home to one of Vermont's largest solar power systems, the City of Saint Albans and its residents should be proud to have such an important project nearby."
100% of the solar energy produced will be purchased through a feed-in tariff under the Standard Offer Program of Vermont'sSustainably Priced Energy Development (SPEED) Program. The program was created by legislation in 2005 to promote renewable energy development in the state in order to reach the state's renewable energy goals.
About Real Goods Solar and RGS Energy
Real Goods Solar, Inc. (Nasdaq:RSOL) is one of the nation's pioneering solar energy companies serving commercial, residential, and utility customers. Beginning with one of the very first photovoltaic panels sold to the public in the U.S. in 1978, the company has installed more than 15,500 solar power systems representing well over 110 megawatts of 100% clean renewable energy. Real Goods Solar makes it very convenient for customers to save on their energy bill by providing a comprehensive solar solution, from design, financing, permitting and installation to ongoing monitoring, maintenance and support. As one of the nation's largest and most experienced solar power players, the company has 17 offices across the West and the Northeast. It services the commercial and utility markets through its RGS Energy division. For more information, visit RealGoodsSolar.com or RGSEnergy.com, on Facebook at http://facebook.com/realgoodssolar and on Twitter at http://twitter.com/realgoodssolar.
This press release includes forward-looking statements relating to matters that are not historical facts. Forward-looking statements may be identified by the use of words such as "expect," "intend," "believe," "will," "should" or comparable terminology or by discussions of strategy. While Real Goods Solar believes its assumptions and expectations underlying forward-looking statements are reasonable, there can be no assurance that actual results will not be materially different. Risks and uncertainties that could cause materially different results include, among others, introduction of new products and services, completion and integration of acquisitions, the possibility of negative economic conditions, and other risks and uncertainties included in Real Goods Solar's filings with the Securities and Exchange Commission. Real Goods Solar assumes no duty to update any forward-looking statements.
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Source: Real Goods Solar, Inc.