|Jan 5, 2010
January 5, 2010 – Contact: John Hereford, Oak Leaf Energy Partners, 303-333-1339
Oak Leaf Energy Partners and MP2 Capital to Provide Solar Power
for 16 Denver Public Schools
District Approves the Largest Solar School Initiative in Colorado
Denver, Colo. --- 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 Namasté 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 megawatts (MW) of capacity and generate approximately 44 million kilowatt hours (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 online in March 2010.
In addition to providing clean electricity, the projects also include an extensive educational curriculum for the host schools. Created by Namasté Solar, and taught by local teachers, the program will concentrate on the science and economics of photovoltaic energy generation. "We enlisted Namasté Solar as our partner as they are not only the best-of-breed integrator in Colorado, they truly believe and embrace the educational and social component of their work," said Oak Leaf Managing Partner John Hereford. "The fact that the district really
embraced this aspect of our proposal has made this an ideal partnership."
"This initiative is an exciting milestone for the district and we look forward to working with Oak Leaf Energy Partners, Namasté Solar, and MP2 Capital," said DPS Superintendent Tom Boasberg. "We are very excited about the sustainability impact, energy savings and educational benefits generated by this program."
"Projects that deliver solar electricity to schools represent some of the most rewarding projects that we do," said Mark Lerdal, chief executive officer of MP2 Capital. "It is pretty special to have an opportunity to improve the environment, lower the electricity bill for the school district and provide a positive influence for children."
The host schools are:
Martin Luther King Middle School
Place Middle School
Montbello High School
Manual High School
Rachel B. Noel Middle School
Green Valley Ranch Elementary School
Greenwood Elementary School
Thomas Jefferson High School
Waller Elementary School
East High School
Grant Ranch Elementary School
Lowry Elementary School
Bruce Randolph Middle School
South High School
Fallis Elementary School
Green Valley Ranch High School
About MP2 Capital
MP2 Capital, LLC develops, finances and invests in distributed generation and small-scale utility solar projects throughout North America. The firm was founded in 2006 in response to the growing demand for clean, renewable sources of energy. MP2 Capital sells the electricity produced by its' projects to commercial, government and utility customers under Power Purchase Agreements and Feed-in Tariffs, providing customers with reliable and cost-efficient electricity without any up-front costs or ongoing operating expenses. The firm is based in San Francisco, California. www.mp2capital.com
About Oak Leaf Energy Partners
Oak Leaf Energy Partners is a renewable energy development firm that assists utilities and municipalities in meeting their compliance goals. Since its founding in 2005, Oak Leaf has emerged as one of the largest and most active renewable energy developers in the Rocky Mountain West and is currently developing projects in Colorado, New Jersey, New York, Ohio, Texas and Hawaii. www.oakleafep.com