Bloomberg News

SunPower Installs Solar Panels at Phoenix Water Plant

January 16, 2013

SunPower Corp. (SPWR:US), the solar company majority-owned by Total SA (FP), has installed 7.5 megawatts of photovoltaic panels at a water-treatment plant in Phoenix that will save the city at least $4 million over 20 years.

Under terms of the agreement, Wells Fargo & Co. owns the system at the Lake Pleasant Water Treatment Plant that SunPower designed, built and will operate. Phoenix will pay power rates “competitive with retail electricity,” San Jose, California- based SunPower said in a statement.

The almost 23,000 panels will provide about 70 percent of the water treatment plant’s power, saving 15 million kilowatt- hours annually. Phoenix already uses a 5.4-megawatt SunPower solar array at Sky Harbor International Airport and smaller systems throughout the city.

“The Lake Pleasant Water Treatment Plant project is the latest in a series of solar initiatives utilized at various city locations to increase the city’s commitment to sustainable energy development,” Phoenix Mayor Greg Stanton said in the statement yesterday.

To contact the reporter on this story: Justin Doom in New York at jdoom1@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net


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Companies Mentioned

  • SPWR
    (SunPower Corp)
    • $26.53 USD
    • -0.22
    • -0.83%
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