SunEdison completes 30.6 MW of solar projects in USA
Apr 3, 2015 15:29 CEST
April 3 – US renewables major SunEdison Inc (NYSE:SUNE) announced the completion of three solar projects with a combined capacity of 30.6 MW in the US states of North Carolina and Maryland.
The firm partners on the schemes with its yieldco unit TerraForm Power (NASDAQ:TERP).
The biggest one of the completed projects is located in North Carolina and has a total capacity of 26 MW in direct current (DC). Financed by federal and state tax equity investors, the project involves four separate photovoltaic (PV) power plants. After the interconnection, TerraForm will sell the produced power to Duke Energy Progress through a 15-year power purchase agreements (PPA).
The other completed solar projects are in Maryland. They have capacities of 2.5 MW and 2.1 MW and will supply the Cecil County School of Technology and Pocomoke City’s wastewater treatment plant, respectively, via 20-year PPAs.
Designed to generate more power than the on-site facilities need, both systems will operate under Maryland’s Aggregated Net Metering Program, making possible for other buildings to use the output, even if not physically connected to the generating systems or on a different meter. Standard Solar Inc also took part on these projects.
Additionally to the completed projects, SunEdison informed that it will also develop and install four other PV plants for the City of Long Beach in California. They will have a total capacity of 2.5 MW. The city expects to save USD 60,000 (EUR 55,131) in electricity costs in the first year of operation.
(USD 1 = EUR 0.918)
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