SAN JOSE, Calif., April 13, 2017 /PRNewswire/ -- Located in San Bernardino County, California, Hesperia Unified School District (HUSD) will soon have more than 5.7 megawatts of high-efficiency SunPower® Helix™ carport systems generating solar power for 29 of its sites. Construction of the carports is underway at 15 locations now, and SunPower (NASDAQ:SPWR) expects to complete all installations by the end of 2017.
"We're thrilled about bringing clean energy to Hesperia Unified School District through SunPower's world-leading solar technology," said Dr. George Landon, HUSD assistant superintendent, business services. "The cost-effective solar power solution is a win-win for HUSD, improving overall district economics while demonstrating the value of a renewable energy future to our students."
Within the first year of operation, the solar carports are expected to generate 10.4 million kilowatt-hours of clean electricity which is equivalent to removing more than 1,500 cars from the road. On completion, SunPower estimates that approximately 60 percent of the district's electricity will be provided by the SunPower Helix carport systems.
"We're pleased to welcome HUSD to a growing number of school districts across the country that are seeing the economic and environmental value that reliable solar energy solutions from SunPower can generate," said Nam Nguyen, SunPower senior vice president. "Our Helix™ systems are complete with comprehensive, powerful energy intelligence software that allows the District to identify demand peaks and savings opportunities."
To finance the project, the District secured U.S. Department of Treasury clean renewable energy bonds (CREBs), which are available to entities primarily in the public sector to finance renewable energy projects. HUSD owns the solar power systems, along with the associated renewable energy credits.
A leader in delivering innovative energy solutions to schools, SunPower has installed more than 140 megawatts of solar in 32 California school districts. Attendees of this week's 2017 Annual Conference and California School Business Expo in Long Beach hosted by California Association of School Business Officials can visit SunPower at booth 1014 to learn more about the benefits of solar for schools.
With more than 30 years of proven experience, SunPower is a global leader in solar innovation and sustainability. Our unique approach emphasizes the seamless integration of advanced SunPower technologies, delivering The Power of One® complete solar solutions and lasting customer value. SunPower provides outstanding service and impressive electricity cost savings for residential, commercial and power plant customers. At SunPower, we are passionately committed to changing the way our world is powered. And as we continue shaping the future of Smart Energy, we are guided by our legacy of innovation, optimism, perseverance and integrity. Headquartered in Silicon Valley, SunPower has dedicated, customer-focused employees in Africa, Asia, Australia, Europe, North America and South America. Since 2011, we've been majority-owned by Total, the fourth largest publicly-listed energy company in the world. For more information, visit www.sunpower.com.
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding project timeline, projected energy output, and cost savings. These forward-looking statements are based on our current assumptions, expectations, and beliefs and involve substantial risks and uncertainties that may cause results, performance, or achievement to materially differ from those expressed or implied by these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to: regulatory changes and the availability of economic incentives promoting use of solar energy, challenges inherent in constructing and maintaining certain of our large projects, and fluctuations or declines in the performance of our solar panels and other products and solutions. A detailed discussion of these factors and other risks that affect our business is included in filings we make with the Securities and Exchange Commission (SEC) from time to time, including our most recent report on Form 10-K, particularly under the heading "Risk Factors." Copies of these filings are available online from the SEC or on the SEC Filings section of our Investor Relations website at investors.sunpowercorp.com. All forward-looking statements in this press release are based on information currently available to us, and we assume no obligation to update these forward-looking statements in light of new information or future events.
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SOURCE SunPower Corp.