SunEdison and Staples Reach 15 Million Kilowatt Hours Energy Production Milestone
Milestone reached through a solar hosting program that includes 32 solar installations located at Staples facilities throughout North America
BELTSVILLE, Md., May 20 /PRNewswire/ -- Staples, Inc. (Nasdaq: SPLS), the world's largest office products company, and SunEdison, North America's largest solar energy services provider and a subsidiary of MEMC Electronic Materials (NYSE: WFR), today announced the 15 million kilowatt hour production milestone from 32 solar installations hosted by Staples stores and fulfillment centers across North America.
The SunEdison/Staples solar hosting program started in 2005 with solar deployments at Staples facilities in Rialto, Calif., Ontario, Calif., and Englewood, NJ. Since that time, SunEdison has deployed 32 sites for Staples in New Jersey, California, Maryland and Connecticut. The environmental attributes associated with the solar deployments and the 15 million kilowatt hours of energy produced has avoided an estimated 17.7 million lbs. of CO2 to date. The 15 Million kilowatt hours of energy produced is enough energy to power over 700 average US homes for one year.
"Staples is proud to reach this tremendous milestone as it represents both the company's commitment to the environment and the growth of our partnership with SunEdison," said Mark Buckley, Vice President of Environmental Affairs for Staples. "Through our solar installations across the country, Staples has managed to reduce operating costs in our facilities while freeing up more electricity during peak times for use by local homes and businesses."
Staples ranks #5 on the EPA Green Power Partnership's Top 20 Retail list, representing the largest annual green power usage.
The solar hosting program is made possible through power purchase agreements (PPA) between SunEdison and Staples. Through the agreements, SunEdison finances, installs, owns, operates and maintains the solar power systems deployed at Staples facilities with no upfront costs to Staples. In return, Staples will purchase the energy produced to offset their grid demand—typically at or below retail rates for 20 years.
"SunEdison is proud of our long-standing partnership with Staples and the milestones we continue to achieve together," said Jaime A. Smith, Vice President of Sales for SunEdison. "With our demonstrated track record, world-class financing capabilities and cutting edge technologies, SunEdison makes large-scale solar programs a reality for our commercial clients such as Staples."
Staples, the world's largest office products company, is committed to making it easy for customers to buy a wide range of office products and services. Our broad selection of office supplies, electronics, technology and office furniture as well as business services, including computer repair and copying and printing, helps our customers run their offices efficiently. With 2009 sales of $24 billion and 91,000 associates worldwide, Staples operates in 25 countries throughout North and South America, Europe, Asia and Australia serving businesses of all sizes and consumers. Staples invented the office superstore concept in 1986 and today ranks second worldwide in e-commerce sales. The company is headquartered outside Boston. More information about Staples (Nasdaq: SPLS) is available at www.staples.com/media.
SunEdison is North America's largest solar energy services provider. The company finances, installs and operates distributed power plants using proven photovoltaic technologies, delivering fully managed, predictably priced solar energy services for its commercial, government and utility customers. For more information about SunEdison, please visit www.sunedison.com.
MEMC is a global leader in the manufacture and sale of wafers and related intermediate products to the semiconductor and solar industries. MEMC has been a pioneer in the design and development of wafer technologies over the past 50 years. With R&D and manufacturing facilities in the U.S., Europe and Asia, MEMC enables the next generation of high performance semiconductor devices and solar cells. With the acquisition of SunEdison, MEMC is now a developer of solar power projects and North America's largest solar energy services provider. MEMC's common stock is listed on the New York Stock Exchange under the symbol "WFR" and is included in the S&P 500 Index. For more information about MEMC, please visit www.memc.com.
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