Secured by the company’s RGS Energy division; installations address key market segments
Louisville, CO, December 2012 – Real Goods Solar, Inc. (NASDAQ: RSOL), a leading provider of turnkey solar energy solutions, has recently secured more than 5 megawatts in solar power projects across Arizona and California in key education, municipal, and commercial market segments.
These significant multi-site programs were won by RGS Energy, the company’s commercial and utility division, and strengthen the company’s backlog as it begins 2013.
The project sites range from police and fire stations, city halls and community centers to educational facilities and a luxury resort. The installations will feature solar carports and rooftop arrays designed to blend into the individual aesthetics of each site, with all the projects expected to be completed in the first half of 2013.
“Expanding into these important market segments in the Southwest has been a key priority,” said Kam Mofid, Real Goods Solar CEO.
These wins strengthen our growth momentum as we enter 2013 and demonstrate RGS Energy’s ability to secure multi-million dollar solar power projects in both public and commercial sectors that provide substantial end-user savings.
According to Tim Seamans, general manager of RGS Energy:
These projects will help our customers offset up to 80% of their electricity usage while substantially lowering their carbon footprint. We are proud to provide such outstanding economic and environmental benefits to our customers.
About Real Goods Solar and RGS Energy
Real Goods Solar, Inc. (NASDAQ: RSOL) is one of the nation’s pioneering solar energy companies serving commercial, residential, and utility customers. Beginning with one of the very first photovoltaic panels sold in the U.S. in 1978, the company has installed more than 14,000 solar power systems representing 75 megawatts of 100% clean renewable energy. Real Goods Solar makes it very convenient for customers to save on their energy bill by providing a comprehensive solar solution, from design, financing, permitting and installation to ongoing monitoring, maintenance and support. As one of the nation’s largest and most experienced solar power installers, the company has 15 offices across the West and the Northeast. It services the commercial and utility markets through its RGS Energy division. For more information visit RealGoodsSolar.com or RGSEnergy.com, or call (888) 507-2561.
This press release includes forward-looking statements relating to matters that are not historical facts. Forward-looking statements may be identified by the use of words such as “expect,” “intend,” “believe,” “will,” “should” or comparable terminology or by discussions of strategy. While Real Goods Solar believes its assumptions and expectations underlying forward-looking statements are reasonable, there can be no assurance that actual results will not be materially different. Risks and uncertainties that could cause materially different results include, among others, introduction of new products and services, completion and integration of acquisitions, the possibility of negative economic conditions, and other risks and uncertainties included in Real Goods Solar’s filings with the Securities and Exchange Commission. Real Goods Solar assumes no duty to update any forward-looking statements.
Gordon's expertise in the area of industrial energy efficiency and alternative energy. He is an experienced electrical engineer with a Masters degree in Alternative Energy technology. He is the co-founder of several renewable energy media sites including Solar Thermal Magazine.