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Real Goods Solar and Gestamp Solar Partner for 4.8 MegaWatts of Renewable Energy in Vermont

LOUISVILLE, Colo., July 17, 2012 (GLOBE NEWSWIRE) -- Real Goods Solar and Gestamp Solar today announced plans to construct 4.8MW of solar projects in Vermont. Construction on the two solar installations, 2.3MW in Pownal and 2.5MW in Williamstown, is slated to begin later this month and the projects are scheduled to complete by the end of the year. The ground mounted solar arrays will be owned and operated by Gestamp Solar and designed and installed by RGS Energy, the commercial and utility division of Real Goods Solar.

Together the projects are designed to generate 5,500 MWh per year. 100% of the energy produced will be purchased through a feed-in tariff under the Standard Offer Program of Vermont's Sustainably Priced Energy Development (SPEED) Program.

According to Pablo Otin, VP of Gestamp Solar, the VT SPEED Program, which promotes the development of in-state energy sources which use renewable fuels, was instrumental to getting these projects developed. "Vermont's feed-in-tariff has made it one of the more attractive locations for solar development in the country. Gestamp Solar is thrilled about expanding the state's solar footprint."

RGS Energy continues to differentiate itself as the most experienced utility-scale solar engineering, procurement and construction firm serving the Green Mountain State. "RGS Energy is excited about developing utility-scale solar projects that reduce the environmental impact and cost of electricity, while allowing Vermont utilities to focus on providing quality, source diversified services to the public," said Jeffrey Schmidt, President of RGS Energy.

About Real Goods Solar

Real Goods Solar, Inc. is a leading residential and commercial solar energy EPC provider, having installed over 13,000 solar systems. From the first public sale of solar panels in 1978 to multi-megawatt installations, the clean energy aspirations of our clients have been the driving force behind our business. With over three decades of experience, we integrate unmatched industry expertise and engineering skill with innovative financing strategies to guide organizations to profitable energy solutions. For more information about Real Goods Solar, please visit www.realgoodssolar.com, or call (888) 507-2561.

The Real Goods Solar, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6455

About Gestamp Solar

Gestamp Solar Gestamp Solar (www.gestampsolar.com), the photovoltaic energy division of Gestamp Renewables, Specializes in the Development, construction, operation and maintenance of utility-scale photovoltaic plants in the United States, India, South Africa, Chile, Peru, Italy, France and Spain, and has developed and constructed over 450 MWs of solar energy projects to date.

CONTACT: Media: Real Goods Solar: 
         Amy Bowman, amy.bowman@realgoods.com, 203.210.7710

Real Goods Solar, Inc. Logo

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