Alta Energy, a California-based company that says it helps enterprise clients optimize the benefits of renewable energy across multi-facility portfolios, has acquired the assets of Sovereign Modular, a provider of solar energy solutions tailored to California public schools.
As part of the acquisition, Alta Energy will take over a contract to supply California’s Poway Unified School District (PUSD) with solar electricity generated by 715 kW of PV systems that Alta will install on modular classrooms on 16 PUSD campuses. With a power purchase agreement (PPA) in place, the project will bring renewable energy to more than 10,000 students, cut electricity costs by 13% and net PUSD approximately $250,000 in savings per year – or more than $5 million over the 20-year life of the PPA contract – according to Alta.
The company says that although California is home to 80,000 portable classroom facilities ideal for solar power, the process of permitting the installation of solar systems on buildings within the public school system has been a barrier for school districts looking to deploy PV systems. With this acquisition, Alta Energy says it now offers standardized, fast-track permitting for such installations.
“PUSD has long been a sustainability leader among California’s public schools, and we’re happy to continue that tradition with this project to put solar on our relocatable classrooms,” said Chad Koster, PUSD’s director of facilities. “Our PPA with Sovereign Modular (now Alta Energy) will simultaneously serve as a great educational resource for our students and allow us to achieve significant savings on our electricity bills.”
As part of this acquisition, Sovereign Modular CEO Marc Roper will join Alta Energy as vice president of marketing. With more than 25 years of expertise in renewable energy industry and a passion for the education sector, Roper will drive Alta Energy’s efforts to expand renewable energy adoption in this and other markets.
“Schools, in particular, stand to gain a lot by going solar, and small systems can provide big benefits,” said Roper. “Adding a PV system to even one or two relocatable classrooms can qualify a school for a much more favorable utility rate, which unlocks savings beyond what the solar panels create on their own. We are excited to combine the expertise and resources of Sovereign Modular and Alta Energy to bring this new twist on solar to public schools across the state.”