February 27 (Renewables Now) - US solar company SunPower Corp (NASDAQ:SPWR) said Monday it has completed a 10-MW solar and 1-MW energy storage project at the Redstone Arsenal US Army post in Alabama.
A ribbon-cutting event has been held recently to mark the start of operations for the system, construction work on which was launched in August last year.
SunPower designed and built the solar and storage installation and will also operate and maintain it. The Army is buying all of the electricity generated under a 27-year power purchase agreement (PPA). Regions Bank is providing the financing for the project.
The solar facility, in combination with storage capacity, is expected to improve energy security on the base and reduce peak power demand charges.
"Demand for solar-and-storage technology continues to rise, delivering significant savings to customers with high electricity demand, like the U.S. military," said SunPower executive vice president Nam Nguyen.