SunEdison Inc. (NYSE: SUNE) has signed 20-year power purchase agreements with Los Angeles County in a deal that will see nine government facilities powered with 6.2 MW (dc) of solar energy.
“Municipalities across America are looking for ways to stretch their dollars and take a bite out of rising electricity rates, and SunEdison solar systems are a great way to accomplish this goal,” said Sam Youneszadeh, SunEdison’s regional general manager of its Western U.S. solar business, in a Nov. 24 statement. “By signing a long term agreement with guaranteed pricing, L.A. County will save millions of dollars while dramatically reducing its exposure to rising utility rates. SunEdison has installed hundreds of solar systems for public sector customers throughout the U.S., so our customers can rest assured that we understand their needs and know how to do the job right.”
SunEdison will build solar parking canopies at many of the locations. Solar parking canopies provide both shade for parked cars and cost effective, clean solar energy.
Construction for all nine projects is targeted for completion during the second half of 2016. Operation and maintenance of the solar systems will be performed by SunEdison Services, which provides 24/7 global asset management, monitoring and reporting services.
SunEdison develops, finances, installs, owns and operates renewable 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 customers with asset management, operations and maintenance, monitoring and reporting services. Corporate headquarters are in the United States with additional offices and technology manufacturing around the world.