SunEdison Inc. (NYSE: SUNE) announced Feb. 23 that it has signed two 20-year power purchase agreements with Southern California Edison for 2.7 MW (dc) of solar.
Southern California Edison is exploring how clean energy resources like wind and solar could defer or eliminate the need to build a new gas-fired power plant in Orange County, SunEdison noted. The ongoing closure of nearby ocean-cooled power plants, including the San Onofre nuclear power plant, has impacted Southern California’s electricity supply, forcing a search for cleaner alternatives.
“We know that air quality is a big concern for residents in the area, but so is getting reliable electricity to a growing, economically important region. SunEdison can help,” said Sam Youneszadeh, SunEdison’s regional general manager of its Western U.S. solar business. “Solar is a great way for utilities to boost grid reliability without emitting greenhouse gases. Solar is cost effective, quick-to-build, and can easily scale.”
The utility will enjoy the benefits of solar energy without any up-front cost, said SunEdison. SunEdison will install, own and operate each system. SunEdison intends to build the systems using a combination of parking canopies and rooftop space. Solar parking canopies provide shade for parked cars while generating cost-effective, clean solar energy. These solar systems further help the utility meet California’s recently passed goal to produce half its electricity from renewables by 2030.
SunEdison said it intends to complete the solar systems pending approval of the contracts by the California Public Utility Commission. 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.