Real Goods Solar (RSOL) to Install $30 Million Solar Power Program for Fremont Union High School District
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Real Goods Solar (NASDAQ: RSOL) announced it has signed a contract to design and install solar electric systems totaling 3.65 megawatts for the Fremont Union High School District in Sunnyvale, Cupertino and west San Jose, California.
The new solar systems will be constructed as carports at all five high schools in the District and are expected to save District taxpayers over $12 million in the total cost of electricity over the next 25 years. The five systems will contribute enough electricity to cover about 45% of the power usage of each school. This solar program, exceeding $30 million, is believed to be the largest direct purchase by a secondary school system in North America, financed by a portion of a $198M school bond approved by the District's voters in June 2008.
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