Wednesday, November 05, 2008

Bolthouse Farms, Inc. Unveils 1.9 Megawatt Solar Power System in Palmdale, CA

SAN FRANCISCO & BAKERSFIELD, Calif.--(BUSINESS WIRE)--Today Wm. Bolthouse Farms, Inc. and MMA Renewable Ventures, a subsidiary of Municipal Mortgage & Equity, LLC (OTC:MMAB.PK) announced the completion of a 1.9 megawatt solar power system installed at the companys farms in Palmdale, CA. The solar power system, installed at Bolthouses S&P and Rowen Farms, is owned and operated by MMA Renewable Ventures. Regenesis Power of Simi Valley designed and installed the solar tracking array.

With four generations of farming experience, Bolthouse Farms has a long history of practicing responsible stewardship of our resources to ensure sustainability. Were excited to be able harness the sun to power our farming operations, said Bolthouse Farms President, Jeffrey Dunn. Weve got plenty of sunshine here in California; its been vital to our agricultural success. Its wonderful to be using the sun to generate clean energy.

Were very pleased that Bolthouse Farms worked with us to deploy solar power, providing such an ideal venue for the solar array, said MMA Renewable Ventures CEO Matt Cheney. Integrating solar power into the energy mix helps lower costs, reduce pollution, and conserve natural resources. Companies such as Bolthouse Farms are leading the way in the agricultural sectorespecially in Californias key growing regionsby deploying clean, reliable solar electricity.

MMA Renewable Ventures, which owns and operates the solar power system, worked with Bolthouse Farms and Regenesis Power to develop this project. By leveraging federal tax credits and other state incentives, MMA Renewable Ventures enabled Bolthouse Farms to deploy the 1.9 MW solar array under a long-term contract or Power Purchase Agreement (PPA). By securing power through a power purchase agreement rather than a major capital investment, Bolthouse Farms benefits from a renewable energy system that is cost-effective on its first day of operationand for years to come, added Cheney.

Designed and installed by Regenesis Power, LLC using 10,300 high-efficiency solar panels from Mitsubishi Electric, the new ground-mounted photovoltaic solar arrays employ a tilted single-axis tracking system that follows the sun during the day for greater efficiencymaximizing energy production.

This project defines a new standard in delivering clean, efficient, sustainable energy for the agricultural sector, said John Polumbo, President and CEO Regenesis Power. Today, executing solar energy projects of this scale requires a combination of advanced technology, innovative expertise and collaborative partnering between all participants.

More farms, dairies and food providers are embracing solar, and not only for the cost savings, said Gina Heng, director of sales and marketing for Mitsubishi Electric & Electronics USAs Photovoltaic Division. Many agricultural businesses are eager to reduce the emissions generated by non-renewable energy sources. Not only is the solar array at Bolthouse Farms generating clean power, but the farms conversion from diesel-powered irrigation pumps to solar-powered pumps significantly reduces noise and improves air quality. The solar array will help offset 2,200 metric tons of carbon dioxide annually, which would have otherwise been emitted into the environment.

The solar power system covers unused ground on land being farmed by Bolthouse Farms, located east of Palmdale. The solar array was designed to provide nearly 80 percent of the electricity used to power Bolthouses Palmdale operations at these farms.

Bolthouse Farms use of onsite solar generation illustrates the companys commitment to responsible energy use. Not only is solar an environmentally sound energy source, its an especially smart energy choice for utility customers in California, because it protects customers from price spikes. By leveraging solar power, Bolthouse Farms is helping all of Californias utility customers; the energy savings accrued will reduce constraints on the grid, especially during peak electrical demand hoursat times when state transmission lines are the most constrained. Any excess electricity generated by the solar array that is not used by Bolthouse will be sent back into the utility grid for use by other customers.

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