Yolo County, which will own the solar power system and associated renewable energy credits, is financing the purchase using multiple funding sources, including clean renewable energy bonds and qualified energy conservation bonds available through the American Recovery and Reinvestment Act of 2009.
In addition to the subsidised bonds, which were financed by Bank of America, SunPower assisted the county in securing a 15-year loan from the California Energy Commission.
"We believe this is the first solar project to make use of the federal stimulus legislation's clean energy renewable bonds, established last year, and among the first large-scale solar projects to be funded by a California Energy Commission loan," says Bill Kelly, Managing Director at SunPower.
The solar power system, which is expected to be complete by September, will use SunPower solar panels and SunPower Tracker system.