The two new systems, which SunPower designed, built and will operate and maintain, are both financed under power purchase agreements. The public agencies will buy the electricity at prices that are competitive with retail rates, benefiting from a long-term hedge against rising power prices. The City of Oceanside owns the renewable energy credits (RECs) associated with the solar installation at its facility, while Western Municipal Water District is not retaining the RECs associated with its new system ."Based on the quality and reliability of our first SunPower system and the company's extensive experience with water districts across the state, we were eager to partner with SunPower on our second solar power system," said Jeff Sims, deputy general manager, of Western Municipal Water District. "The new system will generate the equivalent of approximately 75 percent of the total electricity consumed at our facility, helping to keep rates as low as possible for our customers."
SunPower Solar Power Systems For Water Facilities Exceeding Performance Expectations
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