17 March 2009 — SunPower Corp. will design and build a 1 MW solar power system at the Yolo County Justice Center in Woodland, Calif. Yolo County, which will own the system and associated renewable energy credits, is financing the purchase using multiple funding sources, including clean renewable energy bonds and qualified energy conservation bonds available through the American Recovery and Reinvestment Act of 2009.
In addition to the subsidized bonds, which were financed by Bank of America, SunPower helped the county secure a 15-year loan from the California Energy Commission.
The solar power system is expected to be complete by September. It will use SunPower solar panels and a tracker system.
With the federal stimulus money and the California Energy Commission loan, Yolo County will see no out-of-pocket expenses to build the project, and will be net cash flow positive when the system comes on line later this year, said Yolo County General Services Director Ray Groom.