BALTIMORE & BUCKEYE, Ariz.–(BUSINESS WIRE)–Constellation Energy (NYSE: CEG) and the Buckeye Union High School
District, today announced the completion of an aggregate 4.29-megawatt
(DC) solar
generation project. Baltimore-based Constellation
Energy’s retail business owns and will maintain the solar power
systems. In return, the school district will purchase and receive all of
the electricity generated by the solar panels at a fixed rate from
Constellation Energy under a 25-year solar services agreement.
“This addition will play an important role
in meeting the district’s electricity needs and will serve as an
educational tool for our students to learn about solar energy
production.”
Located at three sites — Buckeye Union High School and Youngker High
School in Buckeye, Ariz. and Estrella Foothills High School in Goodyear,
Ariz. — the installations collectively generate enough electricity to
power the three high schools, meeting up to 70 percent of the school
district’s electricity needs.
The installations, which were developed by GV Enterprises and
REgeneration Finance and built by CORE Construction, were facilitated,
in part, by the Arizona Corporation Commission-approved APS
Renewable Energy Incentive Program. This program offers financial
incentives, covering up to 40 percent of the installation costs, to
customers who add renewable energy systems to their homes or businesses.
In honor of the solar project completion, a celebration and
ribbon-cutting were held today at Buckeye Union High School. Students as
well as representatives from Buckeye Union High School District,
Constellation Energy, APS, GV Enterprises, REgeneration Finance, CORE
Construction and elected officials were on hand for the event, including
Buckeye Mayor Jackie Meck.
“We’re pleased to celebrate the addition of three solar installations in
our school district,” said Dr. Beverly Hurley, superintendent of Buckeye
Union High School District. “This addition will play an important role
in meeting the district’s electricity needs and will serve as an
educational tool for our students to learn about solar energy
production.”
The solar power systems are comprised of approximately 15,468
photovoltaic panels, located on 29 carport rooftop structures and on two
ground-mounted installations. The project is expected to generate more
than 7 million kilowatt-hours of electricity per year. Generating the
same amount of electricity using nonrenewable sources would result in
the release of 3,875 metric tons of carbon dioxide, or the equivalent
emissions from 760 passenger vehicles annually, according to U.S. EPA
data for the Arizona region.
“Constellation Energy congratulates Buckeye Union High School District
for its commitment to renewable energy and is proud to have worked with
REgeneration Finance, CORE Construction and APS to make this project a
reality,” said Michael D. Smith, senior vice president of green
initiatives for Constellation Energy’s retail business. “Solar as a
power-generation source helps schools control operating costs by
providing a fixed electricity rate over the long term, while
demonstrating to students, faculty and the community the ways that clean
energy resources benefit the environment.”
Constellation Energy currently owns and operates more than 100 megawatts
of solar
installations that have been completed or are under construction for
commercial and government customers throughout the United States. By
structuring its solar projects as solar services agreements or power
purchase agreements, Constellation Energy requires no upfront capital
from its customers and is able to provide power at a fixed cost that is
less than projected market rates.
Commercial customers, universities, school systems, hospitals and
government agencies interested in on-site solar installations of 1
megawatt or larger may contact Constellation Energy at [email protected]
or 1-877-427-2005.
To watch a brief video about Constellation Energy’s solar power systems,
please visit: http://www.youtube.com/watch?v=GyaXDmgM55M.
About Constellation Energy
Constellation Energy (www.constellation.com)
is a leading competitive supplier of power, natural gas and energy
products and services for homes and businesses across the continental
United States. It owns a diversified fleet of generating units, totaling
approximately 12,000 megawatts of generating capacity, and is a leading
advocate for clean, environmentally sustainable energy sources, such as
solar power and nuclear energy. The company delivers electricity and
natural gas through the Baltimore Gas and Electric Company (BGE), its
regulated utility in Central Maryland. A FORTUNE 500 company
headquartered in Baltimore, Constellation Energy had revenues of $ 14.3
billion in 2010.
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