Solar Power Partners Helps LA 'Go Green'

Solar Power Partners, Inc., an independent solar power producer, officially announced that several of its solar energy facilities in the Los Angeles area are in full commercial operation and generating electricity.

The solar energy facilities include a 238.68 kW system at the California Institute of Technology (Caltech) in Pasadena; a 601.02 kW system at BT's North America corporate headquarters offices in El Segundo; and Safeway Inc.'s Vons grocery stores in Monrovia (230.09 kW), Oxnard (187.53 kW), Corona (204.82 kW), and Murrieta (198.17 kW).

In a release, the company noted that each solar facility was financed and developed using a solar Power Purchase Agreement (PPA), a long-term energy financing solution that helps customers go green without the hassles or costs of solar facility ownership, operations, or maintenance. A solar PPA allows SPP's host customers to pay only for the energy produced by the system, while SPP, alone and/or through its subsidiaries, develops, operates, and maintains the system for the length of the agreement, usually over twenty years. SPP's host customers can enjoy predictable energy rates for the life of their agreement.

"Thanks to our partnership with Solar Power Partners, BT is now not only significantly reducing carbon emissions -- we're realizing reduced power costs for our site as well as helping our company fulfill its very ambitious corporate social responsibility goals," said Jon Reiter, Senior Director, Major Transactions, BT Americas.

As noted by Bill Irwin, Senior Director of Facility Management at Caltech, "SPP's experience making solar power attainable for schools and universities makes for a great long-term partnership."

"SPP is proud to be a part of solar energy initiatives by leading corporations and universities in the greater Los Angeles Area, the regional market with possibly the greatest potential for distributed commercial solar applications throughout America. Our projects with Caltech, BT, and Safeway are excellent examples of how solar Power Purchase Agreements enable entities to embrace solar energy without any of the operational hassle of owning a power plant," said Alexander v. Welczeck, President and CEO, Solar Power Partners.

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