Press Release published by Suntuity
Hanford, CA. 31 March, 2014: Suntuity Network is pleased to announce that it has entered into a definitive 20 year Power Purchase and Site Lease Agreement for the sale of power from its 3.7 MW DC system to be located in Hanford, California.
The solar power plant will feed power directly into the Verwey Farms internal electrical grid and Net Meter power with PG&E’s utility grid. The system will offset approx. 80% of the onsite consumption for the dairy farm and associated well water systems. The anticipated year 1 output from the system is approx. 8.2 GWh.
The solar power plant will utilize state of the art single axis tracking systems which increase yield by over 20%. Construction is anticipated to commence in Q3 of 2014 with the solar power plant commencing commercial operation in Q1, 2015.
The project adds to Suntuity’s agricultural portfolio of over 35 MW of solar projects currently under development in the California Central Valley.
With a strong portfolio and a global solar pipeline, Suntuity develops, finances and delivers solar energy solutions in markets around the world. From roof-top and off-grid projects to utility and commercial projects, Suntuity is strategically positioned to deliver across the range of technologies that make Solar Power a viable energy alternative today. Using innovative financing solutions, in-depth technical expertise, global experience and embedded process knowledge, Suntuity delivers Best-in-Class products and solutions that continue to push the boundaries on reduced time and cost to delivery with an ever increasing benchmark in system performance. For additional information, please visit; http://www.suntuity.com
The information in this release has been included in good faith and is for general purposes only. It should not be relied upon for any specific purpose and no representation or warranty is given as regards to its accuracy or completeness. No information in this press release shall constitute an invitation to invest in neither Suntuity nor any of its affiliates. Neither Suntuity, nor Suntuity Network nor their affiliates' officers, employees or agents shall be liable for any loss, damage or expense arising out of any action taken on the basis of this press release, including, without limitation, any loss of profit, indirect, incidental or consequential loss. All Trademarks are the property of their individual owners