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TheStreet Open House

Real Goods Solar Delivers Solar Power Systems To Four Stop & Shop Stores In New York

Stocks in this article: RSOL

LOUISVILLE, Colo., May 2, 2013 (GLOBE NEWSWIRE) -- RGS Energy, the commercial and utility division of Real Goods Solar, Inc. (Nasdaq:RSOL), a nationwide leader of turnkey solar energy solutions for residential, commercial, and utility customers, has completed the installation of solar power systems at four Stop & Shop grocery stores in New York. These installations bring the total number of Stop & Shop stores with RGS Energy installed solar power systems to 32 in the Northeast.

There are an additional six stores with solar power projects underway in New York, Massachusetts and Connecticut, which RGS Energy expects to complete in 2013. These additional installations would bring the total number of Stop & Shop stores with RGS Energy installed solar power systems to 38, representing a total of eight megawatts of solar power.

"Stop & Shop's commitment to renewable energy and sustainability goals have made it one of the greenest grocery store chains today," said Kam Mofid, CEO of Real Goods Solar. "The funding for these projects was made possible in part by programs like Governor Cuomo's NY-Sun initiative, which is driving the installation of solar PV systems across the state. Going solar provides commercial businesses economic benefits, as well as supports job growth and has a positive impact on the environment."

Stop & Shop's total solar presence is estimated to produce approximately 8.4 million kilowatt-hours of clean electricity annually. This is the equivalent of reducing 6,000 metric tons of carbon dioxide (CO2), eliminating the emissions of 1,273 cars or powering more than 730 homes yearly (according to the EPA calculator).

"These solar installations demonstrate Stop & Shop's commitment since 2008 to reducing our carbon footprint by 20% by 2015," said Arlene Putterman, manager of public and community relations for Stop & Shop's New York Metro Division. "By choosing solar energy, Stop & Shop is demonstrating that it's possible to consume this energy while supporting clean energy technologies and being a good corporate citizen. This initiative is part of Stop & Shop's Responsible Retailing commitment and the promise to be a better neighbor by caring for the environment and the communities we serve."

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