California, United States [RenewableEnergyWorld.com] Gap Inc., MMA Renewable Ventures and SunPower Corporation, have unveiled a 1-megawatt (MW) solar photovoltaic (PV) system at Gap’s West Coast distribution center campus. The installation, one of the largest in Northern California, features a ground-mounted solar tracking system on a five-acre site.
MMA Renewable Ventures, which owns and operates the system, partnered with Gap to leverage tax credits and incentives, to finance the solar power system. This enables Gap to buy the power generated from the system through a power purchase agreement (PPA) rather than through a major capital investment. MMA Renewable Ventures owns the renewable energy credits and environmental attributes associated with the system.
“This project demonstrates that solar systems deliver dependable power and long-term cost savings,” said Matt Cheney, CEO of MMA Renewable Ventures. “Gap Inc. joins with several of the country’s top retailers in deploying solar, we commend their visionary commitment to renewable energy systems. By securing power through a power purchase agreement, Gap Inc. will benefit from cost savings from the system’s very first day of operation — and for years to come.”