BELMONT, Calif., Nov. 6, 2015 /PRNewswire/ -- SunEdison, Inc. (NYSE: SUNE), the largest global renewable energy development company, today announced that it has completed construction on New Hampshire's largest solar power plant, a 942 kilowatt (KW) DC solar power plant for the town of Peterborough. SunEdison will supply solar energy generated by this system to the town over the next 20 years, saving taxpayers an estimated $250,000 on energy.
"The town of Peterborough is blazing the trail for more renewable energy projects in New Hampshire," said Tom Leyden, SunEdison's vice president of partner development. "Solar projects like this one save taxpayer's money and bring new economic activity to the area in the form of construction jobs and land lease payments. And because we've worked with dozens of municipal customers, we know how to meet their unique needs in even the most challenging circumstances—in this instance we're constructing the solar system on a capped waste water lagoon at the town's waste water treatment plant."
"The town of Peterborough welcomes the new solar power plant, which is a part of our plan to reduce our carbon dioxide emissions while generating energy savings," said Rodney Bartlett, Peterborough's town administrator. "The SunEdison solar system will save our town more than $250,000 over the 20-year life of the agreement, and helps us meet our sustainability and climate goals. SunEdison's proven record of delivering high quality solar systems made them the ideal choice for the project."
The Peterborough solar system is expected to generate more than 100 percent of the town's waste water treatment facility's electricity needs. The system will also offset electricity at other municipal buildings, and will reduce carbon dioxide emissions by more than 17 million pounds over the period of the agreement—the equivalent carbon sequestered by more than 6,300 acres of U.S. forests in a year.
SunEdison collaborated with Borrego Solar, a leading developer, designer, installer, and operations and maintenance provider of commercial solar, to complete the project after acquiring it from Borrego Solar earlier in 2015.
"Borrego Solar welcomed the opportunity to collaborate with SunEdison to complete this solar project for Peterborough," said Chris Anderson, Borrego Solar's senior vice president and co-founder. "SunEdison's world-class financing and project management expertise were tremendous assets and helped us complete this project on time. We have a great history of working with SunEdison and look forward to working with them again on future projects."
The system was funded in part by a grant from the New Hampshire Public Utility Commission. Operation and maintenance of the solar systems 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.
About Borrego Solar
Established in 1980, Borrego Solar Systems Inc. is one of the nation's leading designers, developers, installers, O&M providers and financiers of commercial and utility solar power systems. Borrego Solar's photovoltaic systems are efficient, reliable and cost-effective. With more than three decades of experience and more than 1,100 solar power installations completed—totaling over 180 megawatts—Borrego Solar offers a complete line of solar system design and installation services throughout North America. Borrego Solar is a market leader across the United States in the commercial solar space with the largest market share in Massachusetts and New York, according to Greentech Media Research. For more information, visit www.borregosolar.com.
Forward Looking Statements
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SOURCE SunEdison, Inc.