Chevron Energy Solutions, a unit of Chevron Corp., and East Side Union High School District in San Jose, Calif., have begun construction on a 3.7 MW solar project that is expected to provide more than $1.5 million in budget relief to the district's general fund in its first year of operation and $7.6 million over five years.
It is anticipated that the project will reduce the district's electric utility costs by 30% and deliver $36 million in savings over the life of the project, according to Chevron.
Chevron Energy Solutions will design, build, operate and maintain the project, as well as measure and guarantee the solar energy system's performance for the district. The project will also help stimulate the local Silicon Valley economy by hiring more than 100 local union contractors, the company adds.
SOURCE: Chevron Energy Solutions