Chevron finishes 1st solar project phase

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http://money.cnn.com/news/newsfeeds/articles/newstex/AFX-0013-22685591.htm

Chevron finishes 1st solar project phase

January 31, 2008: 02:36 PM EST

Jan. 31, 2008 (Thomson Financial delivered by Newstex) --

SAN PABLO, Calif. (AP) - Chevron Corp. (NYSE:CVX) said Thursday it completed the first phase of a $35.2 million solar-power (OTCBB:SOPW) project installation at the Contra Costa Community College District in California.

The overall project includes a 3.2 megawatt solar-power generation system, energy-management systems, electrical system replacements and high-efficiency lighting, heating, ventilation and air-conditioning equipment. The first phase of installation was for 2.65 megawatts worth of power generation, with the rest to be added this year.

Chevron said the project is the largest solar-power installation at a North American higher-education institution.

A one-megawatt plant running continuously at full capactiy can power 778 households each year, according to the U.S. Department of Energy. Solar technology has lower capacity since its power generation is constrained by availability of the sun.

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