Real Goods Solar Delivers Solar Power Systems to 4 Stop & Shop Stores in NY
Secured by the Company’s RGS Energy Division, Installations Support Supermarkets’ Renewable Energy Goals
Louisville, CO., May 2, 2013 – RGS Energy, the commercial and utility division of Real Goods Solar, Inc. (NASDAQ: RSOL), a nationwide leader of turnkey solar energy solutions for residential, commercial, and utility customers, has completed the installation of solar power systems at four Stop & Shop grocery stores in New York. These installations bring the total number of Stop & Shop stores with RGS Energy installed solar power systems to 32 in the Northeast.
There are an additional six stores with solar power projects underway in New York, Massachusetts and Connecticut, which RGS Energy expects to complete in 2013. These additional installations would bring the total number of Stop & Shop stores with RGS Energy installed solar power systems to 38, representing a total of eight megawatts of solar power.
“Stop & Shop’s commitment to renewable energy and sustainability goals have made it one of the greenest grocery store chains today,” said Kam Mofid, CEO of Real Goods Solar. “The funding for these projects was made possible in part by programs like Governor Cuomo’s NY-Sun initiative, which is driving the installation of solar PV systems across the state. Going solar provides commercial businesses economic benefits, as well as supports job growth and has a positive impact on the environment.”
Stop & Shop’s total solar presence is estimated to produce approximately 8.4 million kilowatt-hours of clean electricity annually. This is the equivalent of reducing 6,000 metric tons of carbon dioxide (CO2), eliminating the emissions of 1,273 cars or powering more than 730 homes yearly (according to the EPA calculator).
“These solar installations demonstrate Stop & Shop’s commitment since 2008 to reducing our carbon footprint by 20% by 2015,” said Arlene Putterman, manager of public and community relations for Stop & Shop’s New York Metro Division. “By choosing solar energy, Stop & Shop is demonstrating that it’s possible to consume this energy while supporting clean energy technologies and being a good corporate citizen. This initiative is part of Stop & Shop’s Responsible Retailing commitment and the promise to be a better neighbor by caring for the environment and the communities we serve.”
These latest installations also reflect how the combination of new solar financing options, state and federal incentives, and declining system costs are making it easier for Northeast and New England homeowners and businesses to embrace solar energy. With solar energy becoming more affordable in the region, Real Goods Solar announced in February a major expansion of its presence in New York, including Long Island and New York City.
About Stop & Shop
The Stop & Shop Supermarket Company LLC employs approximately 63,000 associates and operates more than 400 stores throughout Massachusetts, Connecticut, Rhode Island, New Hampshire, New York, and New Jersey. The company helps support local communities fight hunger, combat childhood cancer and promote general health and wellness – with emphasis on children’s educational and support programs. In its commitment to be a sustainable company, Stop & Shop is a member of the U.S. Green Building Council and EPA’s Smart Way program; has been awarded LEED (EB) certifications for 54 of its existing stores; and has been recognized by the EPA for the superior energy management of its stores. Stop & Shop is an Ahold company. To learn more about Stop & Shop, visit www.stopandshop.com.
About Real Goods Solar and RGS Energy
Real Goods Solar, Inc. (RSOL) is one of the nation’s pioneering solar energy companies serving commercial, residential, and utility customers. Beginning with one of the very first photovoltaic panels sold in the U.S. in 1978, the company has installed more than 14,500 solar power systems representing over 100 megawatts of 100% clean renewable energy. Real Goods Solar makes it very convenient for customers to save on their energy bill by providing a comprehensive solar solution, from design, financing, permitting and installation to ongoing monitoring, maintenance and support. As one of the nation’s largest and most experienced solar power players, the company has 15 offices across the West and the Northeast. It services the commercial and utility markets through its RGS Energy division. For more information, visit RealGoodsSolar.com or RGSEnergy.com, on Facebook at http://facebook.com/realgoodssolar and on Twitter at http://twitter.com/realgoodssolar.
This press release includes forward-looking statements relating to matters that are not historical facts. Forward-looking statements may be identified by the use of words such as “expect,” “intend,” “believe,” “will,” “should” or comparable terminology or by discussions of strategy. While Real Goods Solar believes its assumptions and expectations underlying forward-looking statements are reasonable, there can be no assurance that actual results will not be materially different. Risks and uncertainties that could cause materially different results include, among others, introduction of new products and services, completion and integration of acquisitions, the possibility of negative economic conditions, and other risks and uncertainties included in Real Goods Solar’s filings with the Securities and Exchange Commission. Real Goods Solar assumes no duty to update any forward-looking statements.
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