This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

K Road And SunPower Complete 25-Megawatt McHenry Solar Plant For Modesto Irrigation District

MODESTO, Calif., Oct. 30, 2012 /PRNewswire/ -- Modesto Irrigation District (MID), K Road Power Holdings, LLC (K Road) and SunPower Corp. (NASDAQ: SPWR) announced today the completion of K Road's 25-megawatt (AC) McHenry Solar Plant in Modesto, Calif., which was designed and constructed by SunPower. The project created nearly 150 construction jobs, and is generating the equivalent amount of power for approximately 6,000 homes.

"The McHenry Solar Project takes advantage of our unlimited solar resource to provide clean, reliable electricity to customers, while helping MID comply with California's renewable energy requirements for utilities," said MID Assistant General Manager of Electric Resources Roger VanHoy.  "When MID buys power generated from utility-scale solar, our whole community shares the promise of emission-free energy from the sun."

K Road owns the McHenry Solar Plant, for which SunPower is now providing operations and maintenance services. Under a 25-year power purchase agreement, MID is buying the power generated by the project's solar photovoltaic (PV) technology, helping the utility achieve California's 33 percent renewable portfolio standard.

"The McHenry Solar Plant is a world-class solar project, and represents K Road's commitment to own and operate a diversified portfolio of solar PV generating assets under long term supply relationships," said William Kriegel, K Road's chairman and chief executive officer.  "We are proud to supply clean, renewable electricity to communities served by the Modesto Irrigation District." 

At the site, SunPower installed the SunPower® Oasis® Power Plant product, which is fully integrated, modular solar technology engineered to rapidly deploy utility-scale solar projects while minimizing land use. This is the first installed commercial solar power system to use high-efficiency panels manufactured with the third-generation SunPower Maxeon® solar cell, which offers world-record efficiency by delivering sunlight to electricity conversion efficiency of up to 24 percent.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,398.25 +46.87 0.29%
S&P 500 1,957.04 +8.18 0.42%
NASDAQ 4,752.6150 +2.6360 0.06%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs