Real Goods Solar Selected by St. Albans Solar Partners to Deploy 2.2 MW Solar
Farm, the Largest Solar Power System in Vermont
Solar Farm to Offset More Than 123 Million Pounds of CO2 Emissions Over 20
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
"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
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
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
CONTACT: Media and Investor Relations Contact:
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