Capstone Infrastructure and SunPower Hold Dedication Ceremony at Amherstburg Solar Park
21 Luglio 2011 - 2:00PM
Marketwired
Capstone Infrastructure Corporation (TSX: CSE)(TSX: CSE.DB.A)(TSX:
CSE.PR.A) and SunPower Corp. (NASDAQ: SPWRA)(NASDAQ: SPWRB) will
celebrate the completion of the 20-megawatt ("MW") Amherstburg
Solar Park at a dedication ceremony today in Amherstburg, Ontario.
"The completion of the Amherstburg Solar Park marks an important
milestone for Capstone Infrastructure as our first development
project and our first solar power facility," said Michael
Bernstein, president and chief executive officer, Capstone
Infrastructure Corporation. "We are proud of the quality of the
Amherstburg Solar Park and the contribution it will make to
renewable energy in the Province of Ontario. We are also delighted
to be part of the local community."
The facility, which commenced commercial operations on June 30,
2011, is one of the largest solar power installations in Canada and
is expected to produce enough green electricity annually to power
approximately 4,000 homes. It was designed and built by SunPower, a
world leader in solar power systems.
"We are delighted to partner with Capstone Infrastructure to
help Ontario meet its growing electricity demand with clean,
locally produced power," said Howard Wenger, president of
SunPower's utility and power plants group. "SunPower's high
efficiency photovoltaic technology is competitively priced for
electric utility power plant applications, fast to install and
reliably delivers clean power during peak demand periods."
The Amherstburg Solar Park features SunPower's high-efficiency
solar photovoltaic panels, which generate up to 50 percent more
electricity than conventional solar panels and up to four times as
much power as thin-film solar technology. The solar panels are
installed on SunPower's proprietary single-axis T20 Tracker system,
which positions the panels to follow the sun during the day,
increasing daily energy production by up to 30 percent over
conventional fixed-tilt installations. Electricity generated by the
facility will be sold to the Ontario Power Authority under the
Province of Ontario's Renewable Energy Standard Offer Program at a
guaranteed price for the next 20 years.
Amherstburg Solar Park Facts
-- Number of solar panels: 57,906
-- Number of trackers: 6,434
-- Geographic footprint of facility: approximately 1 square kilometre
-- Number of jobs created during construction: approximately 100
-- Estimated contribution to carbon dioxide ("CO2") emissions reduction:
electricity generated by the project each year will reduce
CO2 emissions by approximately 27,003(1) tonnes or the equivalent of the
greenhouse gas emissions from more than 5,000 passenger vehicles each
year.
(1) Source: U.S. Environmental Protection Agency's green power equivalency
calculator
About Capstone Infrastructure Corporation
Capstone Infrastructure Corporation's mission is to build and
responsibly manage a high quality portfolio of infrastructure
businesses in Canada and internationally in order to deliver a
superior total return to shareholders through a combination of
stable dividends and capital appreciation. The Corporation's
portfolio currently includes investments in gas cogeneration, wind,
hydro, biomass and solar power generating facilities, representing
approximately 370 MW of installed capacity, and a 33.3% interest in
a district heating business in Sweden. Please visit
www.capstoneinfrastructure.com for more information.
About SunPower
SunPower Corp. (NASDAQ: SPWRA)(NASDAQ: SPWRB) designs,
manufactures and delivers the highest efficiency, highest
reliability solar panels and systems available today. Residential,
business, government and utility customers rely on the company's
quarter century of experience and guaranteed performance to provide
maximum return on investment throughout the life of the solar
system. Headquartered in San Jose, Calif., SunPower has offices in
North America, Europe, Australia and Asia. For more information,
visit www.sunpowercorp.com.
Capstone Infrastructure Corporation's (the "Corporation") Notice
to Readers
Certain of the statements contained in this news release are
forward-looking and reflect management's expectations regarding the
Corporation's future growth, results of operations, performance and
business based on information currently available to the
Corporation. Forward-looking statements are provided for the
purpose of presenting information about management's current
expectations and plans relating to the future and readers are
cautioned that such statements may not be appropriate for other
purposes. These statements use forward-looking words, such as
"anticipate", "continue", "could", "expect", "may", "will",
"estimate", "believe" or other similar words. These statements are
subject to significant known and unknown risks and uncertainties
that may cause actual results or events to differ materially from
those expressed or implied by such statements and, accordingly,
should not be read as guarantees of future performance or results.
The forward-looking statements in this news release are based on
information currently available and what the Corporation currently
believes are reasonable assumptions, including the material
assumptions for each of the Corporation's assets set out in its
fiscal 2010 Annual Report under the heading "Asset Performance" as
updated in subsequently filed Quarterly Financial Reports of the
Corporation and other filings made by the Corporation with the
Canadian securities regulatory authorities (such documents are
available on the Canadian Securities Administrators' System for
Electronic Document Analysis and Retrieval ("SEDAR") at
www.sedar.com). Other material factors or assumptions that were
applied in formulating the forward-looking statements contained
herein include the assumption that the business and economic
conditions affecting the Corporation's operations will continue
substantially in their current state, including, with respect to
industry conditions, general levels of economic activity,
regulations, weather, taxes and interest rates, and that there will
be no unplanned material changes to the Corporation's facilities,
equipment or contractual arrangements.
Although the Corporation believes that it has a reasonable basis
for the expectations reflected in these forward-looking statements,
actual results may differ from those suggested by the
forward-looking statements for various reasons, including risks
related to: power infrastructure (operational performance; power
purchase agreements; fuel costs and supply; contract performance;
development risk; technology risk; default under credit agreements;
land tenure and related rights; regulatory regime and permits;
environmental, health and safety; climate change and the
environment; and force majeure) and the Corporation (tax-related
risks; variability and payment of dividends, which are not
guaranteed; geographic concentration and non-diversification;
insurance; environmental, health and safety regime; availability of
financing; shareholder dilution; and the unpredictability and
volatility of the common share price of the Corporation). There are
also a number of risks related to the Corporation's investment in
the district heating business in Sweden, including: fuel costs and
availability; industrial and residential contracts; geographic
concentration; regulatory environment; environmental, health and
safety; reliance on key personnel; labour relations; assumption of
liabilities; minority interest; and foreign exchange. There is also
a risk that Varmevarden may not achieve expected results.
For a more comprehensive description of these and other possible
risks, please see the Corporation's Annual Information Form dated
March 24, 2011 for the year ended December 31, 2010 as updated in
subsequently filed Quarterly Financial Reports and other filings
made by the Corporation with the Canadian securities regulatory
authorities. These filings are available on SEDAR. The assumptions,
risks and uncertainties described above are not exhaustive and
other events and risk factors could cause actual results to differ
materially from the results and events discussed in the
forward-looking statements. These forward-looking statements
reflect current expectations of the Corporation as at the date of
this news release and speak only as at the date of this news
release. Except as may be required by law, the Corporation does not
undertake any obligation to publicly update or revise any
forward-looking statements.
Contacts: Capstone Infrastructure Corporation Sarah Borg-Olivier
Vice President, Communications (416) 607 5009 or (416) 568 1329
sborg-olivier@capstoneinfrastructure.com SunPower Corp. Ingrid
Ekstrom Director, Corporate Communications (510) 260 8368
iekstrom@sunpowercorp.com
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