Chevron Energy Solutions and California State University, Fresno (Fresno State), have completed a large-scale solar power installation at Fresno State that will supply 20% of the university's annual power needs.
The 1.1 MW solar system – the largest photovoltaic-paneled parking installation at a U.S. university – comprises 10 structures and 3,872 photovoltaic panels mounted on top of more than 700 carport stalls.
The $11.9 million project cost was partially offset by a $2.8 million rebate administered by Pacific Gas & Electric Company under the State of California's Self-Generation Incentive Program.
MMA Renewable Ventures LLC, a subsidiary of Municipal Mortgage & Equity LLC (MuniMae), financed the installation of the new solar energy system. The company is also financing an installation at Los Angeles Community College District's East Los Angeles College (ELAC) – one that is expected to generate 1.6 million kWh of clean power annually.
MMA Renewable Ventures will own and operate the clean energy systems and sell predictably priced electricity to Fresno State and ELAC under long-term power purchase agreements.
