SunEdison Signs Agreement with Alameda County for Additional 3 MW of Solar
12 May, 2015, 07:00 ET
- SunEdison set to deliver more than 21 MW as part of San Francisco Bay Area Regional Renewable Energy Procurement Program (R-REP)
BELMONT, Calif., May 12, 2015 /CNW/ -- SunEdison, Inc. (NYSE: SUNE), the world's largest renewable energy development company, today announced that is has signed an agreement with the County of Alameda, Calif. to install 3 megawatts (MW) DC of solar systems as part of the second phase of the Regional Renewable Energy Procurement Program (R-REP). In the first phase of R-REP, SunEdison was awarded more than 18 MW DC of solar projects with 9 different Bay Area public agencies, including 11 MW with Alameda County. In this second phase of the R-REP, SunEdison was awarded all of the projects on which it bid.
The 3 MW of solar systems will be installed at 9 different Alameda County sites, including the Santa Rita Jail and other administration and functional centers. The County of Alameda is projecting $9.5 million in savings over the life of the projects. Upon completion, the solar systems will eliminate the emission of more than 77 million pounds of carbon dioxide over twenty years, the equivalent of taking more than 7,300 cars off the road.
"We are honored that Alameda County has chosen to expand their partnership with SunEdison," said SunEdison Managing Director of Western USA Sales Sam Youneszadeh. "Adding a second phase to the successful R-REP is a testament to Alameda's commitment to maximize solar power in Bay area communities and become a sustainable county."
"SunEdison has been a great partner to us" said Susan S. Muranishi, Alameda County Administrator. "The company's ability to deliver reliable, low-cost energy solutions across a variety of challenging sites has been an important reason our R-REP project is flourishing – and a pivotal factor in allowing this partnership to bring clean renewable energy to dozens of sites in Alameda County and across the Bay Area.''
SunEdison expects to add these projects to the Call Right Projects List for TerraForm Power, Inc. (Nasdaq: TERP), a global owner and operator of clean energy power plants. SunEdison anticipates offering these projects to TerraForm Power for investment upon completion. Operation and maintenance of the solar systems will be performed by SunEdison Services, which provides global 24/7 asset management, monitoring and reporting services.
SunEdison is the world's largest renewable energy development company and is transforming the way energy is generated, distributed and owned around the globe. The company manufactures solar technology and develops, finances, installs, owns and operates wind and solar power plants, delivering predictably priced electricity to its residential, commercial, government and utility customers. SunEdison is one of the world's largest renewable energy asset managers and provides asset management, operations and maintenance, monitoring and reporting services for its renewable energy customers around the world. Corporate headquarters are in the United States, with additional offices around the world. SunEdison's common stock is listed on the New York Stock Exchange under the symbol "SUNE." To learn more visit www.sunedison.com.
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SOURCE SunEdison, Inc.
For further information: Press: Tory Patterson, Grayling for SunEdison, [email protected], +1 (619) 269-9518; Investors/Analysts: R. Phelps Morris, SunEdison, [email protected], +1 (314) 770-7325, http://www.sunedison.com
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