The solar array and storage project was designed, built and will be operated and maintained by SunPower, with financing provided by Birmingham-headquartered Regions Bank. The solar array, combined with a storage component that maximizes clean electricity use at Redstone, is expected to improve the Army's energy resilience, reduce electricity costs, and provide energy diversity.
Redstone Arsenal and SunPower ribbon-cutting for a 10MW solar photovoltaic and 1MW energy storage system
Redstone Arsenal Senior Commander Lt. Gen. Edward M. Daly said: "Through innovative collaboration between the Army, Team Redstone, and industry partners, we've cost-effectively built a reliable, home-grown renewable energy project that is expected to deliver savings for decades, allowing us to invest more resources in protecting the nation and those we serve."
This project is a collaboration between the U.S. Army Office of Energy Initiatives, Redstone Arsenal, the U.S. Army Corps of Engineers, and SunPower, and features a SunPower Oasis Power Plant system. The fully integrated, modular solar power block is engineered and built for compatibility with a future micro-grid, and is paired with storage to reduce peak power-related demand charges for Redstone Arsenal.
SunPower executive vice president Nam Nguyen said: "Demand for solar-and-storage technology continues to rise, delivering significant savings to customers with high electricity demand, like the U.S. military.
"We congratulate the Army and Redstone Arsenal for seeing the value in a resilient energy project from SunPower that will help lower operational costs and free up more funds to support their mission."
The Army is purchasing 100% of the electricity generated by the project through a 27-year power purchase agreement (PPA) at rates competitive with traditional energy sources.
Regions Bank is providing the capital required for the solar and storage project, eliminating the need for capital expenditure by the Army. Cornerstone Financial Advisors, LLC served as financial advisor to Region Bank on this transaction.
Solar Finance for Regions senior vice president Frank Conley said "Regions Bank supports the development of innovative clean energy generation by providing efficient financing solutions that take into consideration advances in technology, such as this project's energy storage system.
"We are very pleased to team up with SunPower on the Redstone Arsenal solar facility and have a role in reducing the Army's electricity costs while enhancing its clean energy utilization."
SunPower is a trusted solar advisor to federal government agencies such as the Department of Energy and the Department of Defense, having deployed solar power systems at military facilities nationwide including more than 28MW at Nellis Air Force Base in Nevada, 13.78MW at Naval Air Weapons Station China Lake and 28MW at Vandenberg Air Force Base in California, as well as 5.6MW at the Air Force Academy in Colorado Springs.
