LOUISVILLE, Colo., June 26, 2013 (GLOBE NEWSWIRE) -- RGS Energy, the commercial and utility division of Real Goods Solar, Inc. (Nasdaq:RSOL), has been selected by St. Albans Solar Partners, LLC, to deploy a new 2.2 megawatt solar farm in Saint Albans, the largest PV system in Vermont.
RGS Energy will design, install, monitor and maintain the solar power system. Construction for the project is expected to begin next month and scheduled to be completed by November.
The fixed array ground mount solar system is expected to generate enough power to provide electricity for 400 homes. It also helps Vermont reach its goal of 20% renewable energy by 2017. Over the next 25 years, the solar energy produced is estimated to offset more than 123 million pounds of carbon dioxide emissions or the equivalent to planting more than 1.4 million trees (per EPA-based data).
"St. Albans is a great town to work with and we are proud to help bring an important renewable source of energy to the area," said Project Owner Joe Larkin. "We are very excited to work with Real Goods Solar. Creative and dedicated partners are essential to successful development. RGS is committed to this project and to the state's renewable energy goals."
100% of the solar energy produced will be purchased through a feed-in tariff under the Standard Offer Program of Vermont's Sustainably Priced Energy Development (SPEED) Program. The program was created by legislation in 2005 to promote renewable energy development in the state in order to reach the state's goals of 20% renewable energy by 2017.
"In collaboration with St. Albans Solar Partners, we are proud to bring 100% clean renewable energy to the City of Saint Albans," said Tim Seamans, RGS Energy's general manager. "This is a great example of what is possible to accelerate the deployment of renewable energy both in Vermont and other states."
About Real Goods Solar and RGS Energy
Real Goods Solar, Inc. (RSOL) is one of the nation's pioneering solar energy companies serving commercial, residential, and utility customers. Beginning with one of the very first photovoltaic panels sold to the public in the U.S. in 1978, the company has installed more than 14,500 solar power systems representing over 100 megawatts of 100% clean renewable energy. Real Goods Solar makes it very convenient for customers to save on their energy bill by providing a comprehensive solar solution, from design, financing, permitting and installation to ongoing monitoring, maintenance and support. As one of the nation's largest and most experienced solar power players, the company has 15 offices across the West and the Northeast. It services the commercial and utility markets through its RGS Energy division. For more information, visit RealGoodsSolar.com or RGSEnergy.com, on Facebook at http://facebook.com/realgoodssolar and on Twitter at http://twitter.com/realgoodssolar.
This press release includes forward-looking statements relating to matters that are not historical facts. Forward-looking statements may be identified by the use of words such as "expect," "intend," "believe," "will," "should" or comparable terminology or by discussions of strategy. While Real Goods Solar believes its assumptions and expectations underlying forward-looking statements are reasonable, there can be no assurance that actual results will not be materially different. Risks and uncertainties that could cause materially different results include, among others, introduction of new products and services, completion and integration of acquisitions, the possibility of negative economic conditions, and other risks and uncertainties included in Real Goods Solar's filings with the Securities and Exchange Commission. Real Goods Solar assumes no duty to update any forward-looking statements.
CONTACT: Media and Investor Relations Contact: Ron Both Liolios Group, Inc. Tel 1-949-574-3860 RSOL@liolios.com
Source:Real Goods Solar, Inc.