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UPC Solar Wins 950 kW Solar Project with Santa Cruz City School System.

CHICAGO -- UPC Solar, a leading solar power development company, today announced an agreement to build solar crystalline PV systems for seven Santa Cruz City Schools totaling 950 kW of installed capacity. Won in a competitive bidding situation, UPC Solar was awarded seven of the 9 schools on which Santa Cruz City Schools will have solar power systems built.

The project will be designed, installed, owned and operated by UPC Solar under a long-term Power Purchase Agreement (PPA) with the Santa Cruz City Schools District. The systems will provide 90% of each school's total annual electricity requirements and 100% of the most expensive "peak demand" requirements. Importantly, the projects will avoid annual greenhouse gas (CO2) emissions by 1,774,008 pounds, Nitrogen Oxides (NOx) emissions by 613 pounds and Sulfur Dioxide (SO2) emissions by 91 pounds.

"This agreement represents an important contribution to the environment as well as an important cost savings to the school system," noted Richard C. Moss, Assistant Superintendent, Business Services Santa Cruz City Schools. "The Santa Cruz City School system is also providing an important leadership message regarding the environment to the students, parents, school staff and the local community. We're excited to have the Santa Cruz City School system as one of our long-term green energy customers," said Morten Sissener, President and CEO, UPC Solar.

About UPC Solar

UPC Solar designs, builds, finances, owns and operates solar power systems, including selling solar electricity to commercial, educational, utility and government entities under long-term power purchase agreements UPC works with select suppliers, partners and capital providers to develop competitive solar projects including distributed roof-top applications, large ground mount solar farms and utility-scale projects. UPC Solar's PPA enables distributed generation customers to buy solar electricity at competitive prices with little or no capital expense, improve the environment and become a green corporate citizen. In addition, UPC Solar's PPA enables customers to purchase solar electricity, instead of buying a solar power system, at guaranteed prices for twenty years. UPC has a deep history in renewable energy with 750 MW of renewable energy operational and another 3,000 MW of renewable energy in development worldwide. For more information, please visit www.upcsolar.com.
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Publication:Business Wire
Date:Nov 14, 2007
Words:362
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