Perpetual Energy Systems (PES), a comprehensive financier and developer of solar-powered renewable energy systems, and Foster's Wine Estates Americas, a subsidiary of Foster's Group in Australia, have activated four solar installations.
Beringer Vineyards hosts a 1.3 MW DC solar energy system, the largest operational solar installation at a winery in the U.S., the companies note. Additionally, Beringer's sister winery at Asti hosts the third-largest system of its kind, producing 1.2 MW DC. All four active rooftop installations, including Etude and Stags' Leap Winery, will generate 3.85 million kWh of energy annually.
PES combined conventional financing, construction and permanent debt and equity with the federal energy tax credits program to fund the entire installation without capital investment from Foster's. As the financier, PES retains ownership of the solar panels as well as the renewable energy certificates and carbon credits determined by the system's actual kilowatt hour output.
SOURCES: Perpetual Energy Systems, Foster's Wine Estates Americas