26 Feb '18, 4pm

[email protected] completes #solar-plus-storage system for U.S. Army’s Redstone Arsenal in Alabama: https://t.co/lHDbz9HnIX

.@SunPower completes #solar-plus-storage system for U.S. Army’s Redstone Arsenal in Alabama: https://t.co/lHDbz9HnIX

SunPower Corp. has announced the operations of a 10 MW solar PV and 1 MW energy storage system at the U.S. Army’s Redstone Arsenal in Alabama. The solar-plus-storage project was designed and built by SunPower, which will also operate and maintain the facility. The Army is purchasing 100% of the electricity generated by the project through a 27-year power purchase agreement (PPA) at rates competitive with traditional energy sources, according to SunPower. Financing for the project was provided by Birmingham, Ala.-based Regions Bank, eliminating the need for capital expenditure by the Army. Cornerstone Financial Advisors LLC served as financial advisor to Regions Bank on the transaction. This project is a collaboration between the U.S. Army Office of Energy Initiatives, Redstone Arsenal, the U.S. Army Corps of Engineers and SunPower. Featuring a SunPower Oasis power plant sy...

Full article: https://solarindustrymag.com/sunpower-completes-solar-plu...

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