SunEdison to build solar facility to supply power to Bloomberg

SunEdison Inc. (NYSE: SUNE) on Nov. 2 announced that it has signed a power purchase agreement with Bloomberg, the global business and financial information provider, to power the company’s Rockland County, New York-based data center with 2.9 MW (dc) of solar energy.

“Data centers consume enormous amounts of energy and that can mean sky-high energy bills, but SunEdison solar solutions can help companies quickly reign in their energy costs,” said Steve Raeder, SunEdison’s regional general manager of its Eastern U.S. solar business. “We’re delighted to work with an industry leader like Bloomberg to help them save money while advancing their sustainability initiatives.” 

SunEdison will supply Bloomberg with solar power through a state-wide program called “remote net metering” which allows customers to enjoy the savings and environmental benefits of solar without needing to install a system on site. Instead, the solar system is built in the same region as the customer, and the renewable energy is delivered over the existing power lines. The 2.9-MW solar power plant is expected to generate enough clean and reliable electricity each year to offset more than 5% of the data center’s electricity usage.

“Bloomberg is constantly looking for opportunities to expand its portfolio of renewable energy projects that make good business sense–projects that reduce costs, diversify energy supply and have a positive environmental impact,” said Curtis Ravenel, Bloomberg’s global head of Sustainable Business and Finance. “With this project, we’re projecting to save more than $2 million over the life of the agreement versus traditional utility prices, and it helps us reach our sustainability and climate goals.”

Construction of the solar power plant is targeted for completion in the fourth quarter of 2016. Operation and maintenance of the solar power plant will be performed by SunEdison Services, which provides 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.

About Barry Cassell 20414 Articles
Barry Cassell is Chief Analyst for GenerationHub covering coal and emission controls issues, projects and policy. He has covered the coal and power generation industry for more than 24 years, beginning in November 2011 at GenerationHub and prior to that as editor of SNL Energy’s Coal Report. He was formerly with Coal Outlook for 15 years as the publication’s editor and contributing writer, and prior to that he was editor of Coal & Synfuels Technology and associate editor of The Energy Report. He has a bachelor’s degree from Central Michigan University.