Real Goods Solar Selected to Deploy Solar Power Plant for Alameda-Contra Costa
Solar Project Estimated to Reduce Electricity Costs by More Than $1 Million
Over Next 25 Years
LOUISVILLE, Colo., Nov. 5, 2013 (GLOBE NEWSWIRE) -- RGS Energy, the commercial
and utility division of Real Goods Solar, Inc. (Nasdaq:RSOL), has been
selected by Alameda-Contra Costa Transit District (AC Transit) to deploy a 425
kilowatt (kW) elevated solar power plant at its Hayward D6 Bus Facility in
RGS Energy will design, install, monitor and maintain the solar power plant at
the Hayward Bus Facility. The project involves the installation of a 14-foot
high, 22,000-square-foot solar bus-port canopy. The canopy will be capable of
generating more than 15 million kWh over the next 25 years. Construction is
scheduled to begin by the end of the year and be completed by March 2014.
By harnessing energy from the sun, AC Transit expects to reduce the facility's
cost of electricity by at least $40,000 in the first year. This is expected to
add up to more than $1 million over the next 25 years, while eliminating more
than 24 million pounds of carbon dioxide emissions or the equivalent of taking
more than 2,340 cars off the road (per EPA-based data).
The solar project is funded by a grant awarded to AC Transit in 2010 by the
Transit Investments for Greenhouse Gas and Energy Reduction (TIGGER) Program,
which is managed by the Federal Transit Administration's Office of Research,
Demonstration and Innovation.
"AC Transit has taken significant steps over the past few years to reduce its
environmental impact associated with facility energy use," said Dennis W.
Butler, AC Transit's chief planning and development officer. "This new solar
power plant will drastically reduce our Hayward facility's grid-sourced energy
consumption as well as substantially lower our operating costs. We selected
RGS Energy given the complex engineering and construction required of the
project, which we believe RGS Energy has the necessary experience to
Tim Seamans, RGS Energy's general manager, commented: "Public transportation
and solar are ideal partners in reducing emissions while providing long-term
economic benefits. We are proud to bring 100% clean renewable solar energy to
About AC Transit
The Alameda-Contra Costa Transit District is the third-largest public bus
system in California, serving 13 cities and adjacent unincorporated areas in
Alameda and Contra Costa counties. AC Transit has been serving the East Bay
since 1960, taking over from the Key System and its predecessors, which
carried passengers via buses, horse-drawn rail, electric streetcars, and
ferries over the previous 100 years. AC Transit's mission is to provide safe,
convenient, courteous, and reliable transit service. For more information,
About Real Goods Solar and RGS Energy
Real Goods Solar, Inc. (Nasdaq: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 15,500 solar power
systems representing well over 110 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 17 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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