Enfinity America Corporation Expands Municipality Portfolio With Ten Solar Installations for the City of Reno
ATLANTA, Feb. 29, 2012 /PRNewswire/ — Leading solar energy development and finance company, Enfinity America Corporation, announced today the completion of ten solar installations for the City of Reno. The installations will generate over 1,800 megawatt-hours (MWh) annually – approximately 18% of the city’s total electricity needs – and save the city between $1.6 and $3.0 million over the 20 year power purchase agreement (PPA) term. The solar installations are located at municipal facilities throughout the city.
Enfinity’s Executive Vice President of Development, Bob Hopper, said, “In line with our focus on Distributed Generation opportunities, the City of Reno is the latest addition to our portfolio of projects developed for municipalities. Enfinity will own and operate the systems on behalf of the city, helping Reno to benefit from energy savings and strengthen its position as a leading sustainable community.”
The solar program came to fruition through close collaboration between Nevada Solar Works LLC (comprising Q&D Construction, CleanPath Renewables and Reliant Electric), the City of Reno and Enfinity. Construction services were provided by Swinerton Renewable Energy, a division of Swinerton Inc.
Hopper continued, “Increasingly, municipalities are recognizing that solar energy is a viable, commercially-sound proposition. Cities like Reno are now able to purchase clean energy, often at a lower rate than their current cost of energy, without significant up-front capital costs or the responsibility for maintaining the system.”
Founded in 2005, Enfinity is an established leader in renewable energy (the sixth largest in the world in its sector), with operations in Europe, North America and Asia-Pacific. The company finances, develops and builds solar photovoltaic (PV) projects. Enfinity also owns its own portfolio of renewable energy installations. Enfinity has been selected to build some of the largest renewable energy projects across the globe, with 390 MW installed and operational worldwide. Further information is available at www.enfinitycorp.com
SOURCE Enfinity America Corporation