The Buckeye Elementary School District in Buckeye, Arizona saw the initiation of a 3.26MW solar PV installation earlier this month thanks to a PPA deal with Regeneration Finance. Construction at the district’s seven project sites, which include six schools and one district office, is being performed by GV Enterprises, CORE Construction and solar consultant Natural Power & Energy. Inverters for the project will be provided by locally operated Power-One.
Under the PPA, REgeneration Finance will develop, own, operate and maintain the solar project while selling the power produced to Buckeye Elementary School District at a predetermined rate. REgeneration Finance will assume full financial responsibility for the construction, operation and long-term service of the solar project, which consists of elevated ground-mounted and roof-mounted installations.
“REgeneration Finance is committed to taking full advantage of all federal and state incentives to provide school districts around the country with the most cost-effective solar projects possible,” said Laurance Friedman, REgeneration Finance’s CEO. “This project for Buckeye Elementary School District will create local jobs, provide the school district with a long-term energy hedge and contribute to ‘greening’ our nation’s energy supply.”
The organizations note that the solar project was made possible by a utility rebate from Arizona Public Service under its Renewable Incentive Program.