SunEdison: New Solar Canopy Systems
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BELMONT, California - SunEdison, Inc. (NYSE: SUNE), the largest global renewable energy development company, announced the completion of three solar canopy systems for the City of Fremont, Calif. The systems are expected to generate 1.2 megawatts (MW) DC of clean, reliable electricity for the city.
The solar canopy systems are mounted on canopy structures over parking lots at the city's Irvington Community Center, the Aqua Adventure Water Park, and the Robert Wasserman Fremont Police Center. The solar systems are expected to generate enough energy to power almost 150 homes each year and avoid the emission of more than 500 tons of carbon dioxide annually, equivalent to the amount of carbon sequestered by approximately 425 acres of forest.
The City of Fremont signed 20-year power purchase agreements with SunEdison as part of the Regional Renewable Energy Procurement Program (R-REP) led by Alameda County. It is projecting that the solar energy will save taxpayers more than $2.6 million dollars over the life of the agreement, and will result in a more than 5 percent reduction in city emissions following the completion of a fourth canopy system early next year.
"Fremont is making a positive impact on the local community by installing these solar canopy systems over several of the city's parking lots," said Sam Youneszadeh, SunEdison's general manager of west coast commercial and industrial solar. "By going solar, the city is saving taxpayer dollars, reducing their carbon footprint and supporting local jobs. These projects are the result of the successful Regional Renewable Energy Procurement Program, which allowed cities across Alameda County to participate in the Bay Area's sustainable energy future."
"These new solar projects are a major advantage for our city in more ways than one," said Bill Harrison, Mayor of the City of Fremont. "Not only will they reduce the carbon footprint from all of Fremont's operations by more than 5 percent, but they're also projected to save us $2.6 million over the next 25 years! As an added bonus, the new solar panels will provide shade and rain protection for vehicles."
In addition to the three completed systems, SunEdison is currently constructing a fourth, 349 kilowatt system for Fremont, located at the city's maintenance center. The solar system is currently in the design phase, and final commissioning is expected to happen during the first half of 2016.
Operation and maintenance of the solar structures will be performed by SunEdison Services, which provides global asset management, monitoring and reporting services.
SunEdison is the largest global renewable energy development company and is transforming the way energy is generated, distributed, and owned around the world. The company 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. SunEdison's common stock is listed on the New York Stock Exchange under the symbol "SUNE." To learn more visit www.sunedison.com.