(Source: Datamonitor)
Suntech Power Holdings, a Chinese manufacturer of crystalline silicon photovoltaic modules, has signed a contract with Recurrent Energy to supply over 25,000 modules for its 5MW municipal solar power project atop the Sunset Reservoir in San Francisco, California.
According to Suntech, all modules are scheduled for delivery in the fourth quarter of 2009. The project, contracted by the San Francisco Public Utilities Commission in late 2008, is expected to triple San Francisco's total municipal solar power output from 2MW to 7MW upon completion in 2010.
Recurrent Energy will own and operate the system and sell all the renewable electricity to the city and county of San Francisco under a 25-year power purchase agreement.
The anticipated production for the 5MW project is 6.56 million kilowatt hour in the first year. Under the agreement, Recurrent Energy assumes all financing, construction, and operating obligations for the project.
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