RGS Energy to construct solar project in California

LOUISVILLE – RGS Energy Inc. (Nasdaq: RGSE) in Louisville has been hired to construct up to 22 solar-energy projects within the Stockton Unified School District in California.

Financial terms of the deal were not disclosed.

The deployment will involve more than 22,000 solar panels installed on top of parking lot carports at the school campuses, including four high schools. When completed later this year, the solar photovoltaic sites will generate up to 6.7 megawatts of solar power for schools and facilities in the district.

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The systems are expected to allow the district to pay less for electricity over the course of a 25-year power-purchase agreement executed with SEC SUSD Solar One LLC. First-year savings are projected to be approximately $900,000.

Collectively, the systems are expected to eliminate more than 290 million pounds of annual carbon -dioxide emission or the equivalent of taking roughly 1,000 cars off the road.

RGS Energy has five operations centers in California.