SunPower Corp. (Nasdaq: SPWR) and University of California, Santa Barbara (UCSB) today announced plans for 5.2-megawatts (DC) of SunPower® systems to be installed on rooftops and in parking lots on the university's campus. UCSB will buy the electricity produced by the systems at a competitive rate under a long-term power purchase agreement with SunPower.
UCSB estimates the systems will generate about 12 percent of the campus's total electricity use, and will reduce operational greenhouse gas emissions by six percent.
SunPower will build solar power systems at six sites on campus, including two SunPower Helix™ rooftop systems and four solar parking canopies at campus parking lots. The SunPower Helix platform is the world's first fully-integrated commercial solar solution combining solar power production and energy management. With standardized, high quality components, Helix systems are fast to install and built to optimize long-term power performance.
The new systems will increase more than ten-fold the amount of solar energy currently being generated on UCSB's campus, according to the university.
SunPower was awarded the contract with UCSB after a lengthy feasibility analysis and competitive process that was initiated in 2014.
Construction on the systems is expected to begin early next year, with system operation anticipated by year end 2016. The university will own the renewable energy credits associated with the systems.