San Francisco approves bond for installation of 40 MW of renewable power

Project will include 10-12 MW solar power

Washington, D.C., November 7, 2001 –Residents of San Francisco voted yesterday to approve a $100 million revenue bond that will result in the installation of 40 megawatts of renewable energy, including between 10 and 12 megawatts of solar power on city-owned facilities and schools.

The implementation of this plan will put San Francisco among the ranks of dozens of other cities that have taken significant actions to commercialize solar electricity.

Sacramento, who has long been the U.S. leader in solar electricity, currently has 8 megawatts installed and is pleased to see that its neighbor will soon be in the running for the most kilowatts installed.

Donald E. Osborn, Superintendent of Renewable Generation Assets for the Sacramento Municipal Utility District (SMUD) and the Chairman of the Solar Electric Power Association (SEPA) says, “The actions being taken in San Francisco represent the next big steps in bringing solar electricity into the mainstream as a significant and cost-effective part of the nation’s energy mix.”

While many cities already are using solar power in their energy mix, San Francisco has raised the bar by providing a much needed financing solution, showing significant levels of support from the local government, and having 73% of residents vote in favor of the proposition.

The Solar Electric Power Association anticipates that San Francisco’s bond offering will be a catalyst for other cities in the U.S. to follow suit.

“The actions in San Francisco, coupled with efforts underway by various SEPA members,” said Osborn, “are poised to make this the first decade of the ‘Solar Century’. With these combined efforts, we will see the continued and rapid expansion of clean, renewable energy bringing benefits to electric customers and the public at large.”

Based in Washington, D.C., SEPA is an association of utilities, energy service providers and the solar electric industry working together to create and encourage commercial use of solar electric power business models.

For more information about the Solar Electric Power Association, visit www.SolarElectricPower.org.

Previous articleLower gas prices send US Northeast power prices down
Next articleNxtPhase announces major sale of relays to Taiwan Power Company
The Clarion Energy Content Team is made up of editors from various publications, including POWERGRID International, Power Engineering, Renewable Energy World, Hydro Review, Smart Energy International, and Power Engineering International. Contact the content lead for this publication at Jennifer.Runyon@ClarionEvents.com.

No posts to display