MP2 Capital and Oak Leaf Energy Partners to provide solar power for 16 Denver public schools
District approves the largest solar school initiative in Colorado.
Denver, Colo., January 7, 2010—The Denver Public School Board has approved plans for the development of photovoltaic (PV) solar energy projects on 16 school buildings throughout the school district.
The projects are the result of more than two years of planning and coordination by Denver-based renewable energy developer Oak Leaf Energy Partners with the School District and the Denver Green Print Council. The projects will be owned and operated by MP2 Capital, a leading developer, financier and operator of solar projects throughout North America. MP2 will then sell the electricity produced to the district under a Power Purchase Agreement (PPA). The School Board’s approval will elevate Denver as a leader in school-based sustainability initiatives, both in Colorado and nationally. The systems will be designed and built by Boulder-based Namaste Solar.
The projects will be completed on several sites throughout the district. The locations were selected by the optimal solar and roof qualities of the schools. The 16 systems will total approximately 1.8 MW of capacity and generate approximately 44 million kWh of clean solar electricity over the course of the 20-year PPA. The systems are expected be completed by November 2010, with the first project coming on-line in March 2010.
In addition to providing clean electricity, the projects also include an extensive educational curriculum for the host schools. Created by Namaste Solar, and taught by local teachers, the program will concentrate on the science and economics of photovoltaic energy generation.