Joining an increasing number of corporations tapping into alternative energy solutions, HP announced that it has entered into two purchase contracts for solar and wind energy.
In the US, HP has entered into an agreement with solar power systems producer and systems integrator, SunPower, to install and maintain a 1-Megawatt solar power generation system at its San Diego facility. The solar electric system will be financed and owned by an unnamed third-party, allowing HP to benefit from the project with no upfront capital costs.
HP will then buy back the electricity from the solar installation at a “reduced, locked-in rate under the SunPower Access program.” With the SunPower Access program, SunPower designs, constructs and maintains solar electric power systems to the customer’s requirements. Rather than paying for the system itself, the customer pays for the solar electricity generated over a long-term power purchase agreement. SunPower is also the supplier for solar power installations for Google, as well as big names such as Walmart.
Initial estimates by HP indicate a savings of about $750,000 in energy costs during the next 15 years and result in renewable energy credits because the solar facility will reduce carbon emissions by over 1 million pounds per year.
The San Diego installation includes 5,000 solar panels atop five of seven HP buildings. The panels, which are made up of photovoltaic cells, will generate approximately 1,676,000 kilowatt-hours of electrical energy per year – enough to provide more than 10 percent of HP’s energy use at the facility.
Meanwhile, HP has contracted Irish wind energy producer, Airtricity, to provide as much as 80 Gigawatt-hours of renewable energy, equivalent to nearly 90% of HP’s power requirements in the country. Through the use of wind energy, HP estimates an approximate savings of $40,000 over the 1-year contract, with reduced carbon emissions equalled to taking 9,600 cars off the road for the period.