Representatives from the Hemet Unified School District, Tioga Energy®, Johnson Controls, De Lage Landen and Wells Fargo & Company (NYSE: WFC) today gathered in Hemet, Calif. to celebrate the completion of 17 solar electric systems for area elementary, middle and high schools.
The 4.4 MW of solar electric canopies now provide shade for approximately 1,400 parking spaces and nine playgrounds across the district. Tioga Energy, a leading provider of renewable energy services to commercial, government and non-profit institutions, financed each of the 17 systems through its SurePath® Solar power purchase agreements (PPAs). Tioga developed and will operate and maintain the systems, selling the generated electricity to Hemet USD over 20 years at rates lower than the local utility. The agreement will save the district approximately $300,000 in utility costs annually.
These systems are the first to be developed under a master financing agreement between Tioga Energy and De Lage Landen (DLL), a global provider of high-quality asset-based financing products and supporter of sustainable clean technology. Additionally, Wells Fargo & Company participated in the projects as a construction lender and tax equity investor alongside DLL’s tax equity investment to further broaden the scope of the Tioga-DLL financing facility.
Johnson Controls delivered all engineering, procurement and construction (EPC) solutions for the project.
“Tioga Energy’s expertise and unswerving dedication were critical to making this project possible,” said Vince Christakos, Assistant Superintendent, Business Services for the Hemet Unified School District. “From securing the very last of the best available incentives to providing an on-site presence at every installation site, the Tioga team worked hard to ensure our needs were being met.”
“The Hemet Unified School District does an excellent job with monitoring its energy consumption, and its vision for further managing costs with solar was clear from the beginning,” said Paul Detering, CEO of Tioga Energy. “Because of the District’s dedication, it is able to focus school resources on the ultimate prize: quality student education.”
About Hemet Unified School District:
Hemet Unified School District is one of the largest geographic areas of any district in California. It covers over 700 square miles of very diverse topography; from valley flatlands, to foothills, to mountains. It serves a growing community with a current enrollment of over 22,000 students.
Rolling farmlands, mountain peaks and passes, and near perfect weather are but a few of the intriguing features of our community. Mt. San Jacinto rises nearly 11,000 feet and offers one of the state’s finest wilderness hiking and camping areas. Located 90 miles southeast of Los Angeles, 80 miles northeast of San Diego and 40 miles from Palm Springs, Hemet is within easy driving distance of the Southland’s recreation and entertainment centers. Each year citizens of Hemet and neighboring San Jacinto share their talents in the historical Ramona Pageant, the Official California State Play, which attracts visitors from all over the world.
Hemet Unified School District is the largest employer in the city of Hemet and is currently staffed with approximately 1,085 classified, 1,000 certificated, and 120 management and confidential employees (full- and part-time as of May 1, 2011). The District also staffs over 1,100 substitute personnel. www.hemetusd.k12.ca.us
About Johnson Controls:
Johnson Controls is a global diversified technology and industrial leader, serving customers in more than 150 countries. Our 162,000 employees create quality products, services and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles; and interior systems for automobiles. Our commitment to sustainability dates back to our roots in 1885, with the invention of the first electric room thermostat. Through our growth strategies and by increasing market share we are committed to delivering value to shareholders and making our customers successful. In 2012, Corporate Responsibility Magazine recognized Johnson Controls as the #5 company in its annual "100 Best Corporate Citizens" list. For additional information, please visit www.johnsoncontrols.com.
About Tioga Energy®:
Tioga Energy enables commercial, government and non-profit organizations to reduce energy costs while lowering carbon emissions. Through the SurePath® Solar power purchase agreement (PPA), Tioga Energy owns and operates renewable energy systems that provide organizations a hedge against energy price volatility and accelerate their access to clean energy without any capital outlay. For more information, call 877-333-9787 or visit www.tiogaenergy.com. To access and download Tioga Energy’s SurePath Solar PPA, please visit: www.tiogaenergy.com/annotated-ppa-index.php.
About De Lage Landen:
De Lage Landen, a fully owned subsidiary of Rabobank Group, specializes in asset-based financing programs for equipment manufacturers, dealers and distributors all over the world. Our programs cover our customers’ total distribution chain, as well as the entire lease lifecycle. We offer customers a single source for leasing, administration, risk and asset management solutions. We strive to have a positive social and environmental impact through our products and the way we conduct business. For more information, please visit: www.delagelanden.com.