Science & Technology
Science and Technology
Science and Technology
Tue, January 20, 2009 Marshall Medical Center Uses Solar System to Heal Environment, Help Patients
ROSEVILLE, Calif.--([ BUSINESS WIRE ])--[ Solar Power, Inc. ][ (OTCBB: SOPW) ] together with [ Solar Power Partners, Inc. ] ("SPP") of Mill Valley, CA, and [ Marshall Medical Center ], today announced completion of a new photovoltaic ("PV") solar electric system to provide power to Marshall Medical Center ("Marshall") located in Cameron Park, California. The system, totaling 669 kW DC in size, utilizes solar modules sitting atop elevated structures that not only place the arrays in direct sunlight, but also provide shading to the cars beneath.
Solar Power, Inc. brought SPP into the Marshall project as the financing partner to enable a Power Purchase Agreement ("PPA") between SPP and Marshall to finance the installation. Solar Power, Inc. worked closely with Marshall as the design, engineering and construction firm of record on the project. In addition to the design and construction of the arrays, Solar Power, Inc. also manufactured the 3,344 photovoltaic modules used in the project. Under the terms of the solar PPA, Marshall did not incur any out-of-pocket expenses, which supported its commitment to focusing resources on patient care.
The system's elevated arrays create a visually appealing system that complements the appearance of the outpatient medical facility and its natural hilltop location. The structures are consistent with the building's architecture and reflect Marshall's commitment to care as well as to being as environmentally sensitive as possible.
"We are very proud that Marshall selected us to develop the system for them," commented Steve Kircher, CEO of Solar Power, Inc. "The visibility the system will have, and its role in helping Marshall Medical Center fulfill its mission to the community, make a wonderful complement to our mission as a company as well."
"We're very pleased to work with Marshall Medical Center and Solar Power, Inc. to set a practical example of affordable sustainable energy for healthcare facilities. The arrays at Marshall will provide consistent, clean energy to the facility for years, and we are proud to be a long-term partner with Marshall on this effort," said Alexander V. Welczeck, President and CEO, SPP.
James Whipple, CEO for Marshall Medical Center, notes that the structures reflect the organization's commitment to the community. "We are thrilled with the way the solar structures not only support the environment, but also provide protection from the elements with covered parking for our patients and visitors," said Mr. Whipple. "Our first value as an organization is that our patients come first. With the solar power arrays, we're supporting that value and also making a clear statement about our commitment to the environment as well. Also, living in such a beautiful part of California and being one of the largest employers in the county, we feel the obligation to lead in protecting our environment for our residents and future generations," he added.
The system at Marshall Medical is expected to generate more than 938,607 kilowatt hours per year according to production estimates, which is equivalent to 668 metric tons of carbon dioxide offset, or 75,823 gallons of consumed gasoline.
About Solar Power, Inc.:
Founded in 2005, Solar Power, Inc. is a vertically integrated solar energy solution provider offering the North American residential, commercial and public sector building markets a complete solution through a single brand. Solar Power, Inc. provides turnkey design-build solutions through its Roseville, California headquarters. Yes! Solar, Inc., DBA Yes! Solar Solutions, is a wholly owned subsidiary of Solar Power, Inc. Yes! Solar Solutions offers the U.S. residential and medium to small-sized business market segments turnkey solutions through a single brand. The Yes! Web site can be visited at [ www.yessolarsolutions.com ]
About Marshall Medical Center:
Marshall Medical Center is an independent, nonprofit community healthcare provider located in the heart of the Sierra Foothills between Sacramento and South Lake Tahoe. Marshall Medical Center includes Marshall Hospital, a fully accredited acute care facility with 105 beds located in Placerville; several outpatient facilities in Cameron Park, Placerville, El Dorado Hills and Georgetown; a group of primary care physicians known as the Marshall Center for Primary Care and a group of gastroenterology physicians; and many community health and education programs. Marshall has over 160 affiliated physicians and a team of over 1,100 employees providing quality healthcare services to more than 140,000 residents of El Dorado County.
About Solar Power Partners:
Solar Power Partners, Inc. is a renewable energy company that is leading the way in streamlining the adoption of clean solar energy by businesses, institutions, and municipalities throughout the United States. Combining the financing strength of solar Power Purchase Agreements (PPAs) with the expertise and best practices of top solar and building industry professionals, SPP gives building owners a clear path to achieving energy independence with lower electrical costs at predictable rates and without the risks or costs of owning and maintaining solar facilities. For more information visit [ www.solarpowerpartners.com ].
Safe Harbor Statement:
This release contains certain "forward-looking statements" relating to the business of Solar Power, Inc., its subsidiaries and the solar industry, which can be identified by the use of forward looking terminology such as "believes, expects" or similar expressions. The forward looking statements contained in this press release include statements regarding the Company's ability to execute its growth plan and meet revenue and sales estimates, enter into formal long-term supply agreements, and market acceptance of products and services. These statements involve known and unknown risks and uncertainties, including, but are not limited to, general business conditions, managing growth, and political and other business risk. All forward-looking statements are expressly qualified in their entirety by this Cautionary Statement and the risks and other factors detailed in the Company's reports filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities law.
