FGCU and Regenesis Power Begin Construction on Solar Energy Farm
FORT MYERS, FL - Today, Florida Gulf Coast University and Regenesis Power announced the official start of construction on the 16-acre solar energy farm on the FGCU campus. The 2 megawatt (MW) farm will turn solar energy into usable electrical energy for the entire campus.
"Today, as we begin construction of our 2 MW solar energy farm, we take a giant leap forward in advancing our mission of environmental sustainability," said FGCU President Wilson G. Bradshaw. "This 16-acre energy field will significantly reduce our dependence on non-renewable energy sources, save money, reduce our carbon footprint and serve as a model of environmental and ecological sustainability for our region, the state of Florida and the nation."
The Florida legislature appropriated $8.5 million to FGCU during the 2008 legislative session to construct a solar energy field. FGCU formed a public-private partnership with Regenesis Power resulting in the construction of a $17 million project. Regenesis Power is a national alternative energy company headquartered in Simi Valley, California with regional offices in Florida.
"Delivering solutions to our client's energy needs today requires a combination of advanced technology, innovative expertise and collaborative partnering, and we are pleased to bring these resources to FGCU’s solar energy initiative," said John Polumbo, President and CEO of Regenesis Power. "This PV installation, together with the utilization of solar hot water systems on campus, will significantly advance FGCU's energy goals."
Regenesis Power is a solar energy company with expertise in the design, construction and financing channel management of large scale commercial photovoltaic projects. Regenesis Power also provides fully managed solar water heating programs for electric and water utility companies, enabling them to offer their residential and business customers a clear choice for clean energy on a mass scale. The Regenesis Power team has designed, developed and managed over 30 MW of industrial and commercial solar projects throughout the U.S.
FGCU and the entire community will reap major benefits from the solar energy farm. Paramount among its benefits is cost-savings. The solar energy field is projected to save the institution $22 million over a 30 year period. Its impact will be felt immediately as electrical cost will be reduced from 10.5 cents per kilo-watt hour to two cents per kilo-watt hour.
Environmentally, the benefits are equally dramatic. As a clean energy source, annually the solar energy field will prevent an estimated 9,000 pounds of nitrogen oxide, 14,000 pounds of sulfur dioxide and 5.1 million pounds of carbon dioxide from being introduced into our environment.
Given the rich resource of sunshine in Southwest Florida, the solar energy field is a pilot program designed to encourage and model the use of clean energy. On behalf of the state of Florida, FGCU will use this project to teach and conduct research into renewable energy sources to benefit K-12, the business community and the construction industry as well as the general public.
For additional information on the project visit www.fgcusolar.com; the website will serve as the prime project resource for updated information.
For further information about the groundbreaking, media representatives should contact associate vice president for Community Relations and Marketing Audrea Anderson at (239) 590-1083 or contact Tony Milner of Regenesis Power for information about solar energy at (650) 492-1300.