BELMONT, Calif., Sept. 11, 2015 /PRNewswire/ -- SunEdison, Inc. (SUNE), the largest global renewable energy development company, in partnership with BITHENERGY, a leading solar developer, today announced that Columbia, Md. is now offsetting 100 percent of its energy use from renewable sources. Columbia now sources 75 percent of its energy from wind renewable energy credits, and 25 percent from a newly completed two megawatt (MW) DC solar farm in SunEdison and BITHENERGY's Nixon Farm solar project in West Friendship, Md.
The 2 MW solar farm is expected to generate enough energy to power more than 250 homes and avoid the emission of more than two million pounds of carbon dioxide, equivalent to taking 220 cars off the road.
Columbia, Md. is home to approximately 100,000 people, and is managed by the non-profit service corporation Columbia Association. The non-profit is purchasing the solar power for the community through a 20 year power purchase agreement with SunEdison. The solar farm is located outside of Columbia, and via virtual net metering credits the community can enjoy the benefits of solar without the need to locate the solar farm on-site.
"With the completion of the Nixon Farm solar power plant, the people of Columbia now enjoy the environmental and cost benefits of getting 100 percent of their electricity from renewable sources," said Steve Raeder, SunEdison's general manager of Eastern U.S. commercial and industrial solar. "Solar energy is a clean, reliable source of energy that makes great financial sense for communities across the U.S."
"Columbia Association is proud to be a leader in clean energy," said Jeremy Scharfenberg, Columbia Association's energy manager. "The SunEdison solar installation is a key component of our renewable energy strategy, providing 25 percent of our power requirements. By supplementing Nixon Farm's solar energy with wind-based renewable energy certificates, we've been able to achieve our sustainability goals and reduce our carbon footprint by more than half."
SunEdison provided its high performance solar panels and financing for the construction of the project, while solar developer BITHENERGY originated the project with Columbia Association and completed the permitting, site work, and pre-construction services for the project. SolAmerica was contracted as the engineering, procurement, and construction firm to build the solar power plant to SunEdison's specifications.
The operation and maintenance of the solar power plant will be performed by SunEdison Services, which provides 24/7 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 Columbia Association
Columbia Association (CA) is a nonprofit service corporation that manages Columbia, MD, a planned community that is home to approximately 100,000 people and several thousand businesses. Additional information about CA is available at ColumbiaAssociation.org.
BITHENERGY, Inc. is an award-winning, energy services company, and MATOC awardee that provides innovative solutions for maximizing energy and operational efficiencies, while expanding energy sourcing options. BITHENERGY offers its government, corporate, and non-profit clients consulting services, intelligent engineering strategies, advanced information systems, leading edge business processes, and full implementation services for managing energy consumption, sourcing power purchases, smart grid infrastructure build-out, and the development of renewable energy systems. More than 40 megawatts of solar installations and Hybrid Renewable Energy Systems (HRES) have been completed or are under development for government, educational, and commercial clients both in the United States and West Africa. For additional information about BITHENERGY, visit http://www.bithenergy.com.
About SolAmerica Energy
Founded in 2009, SolAmerica Energy, LLC is a leading Developer, EPC, and Operations & Maintenance Provider of solar photovoltaic (PV) projects for commercial, industrial, and government clients. SolAmerica's core competencies include site assessment, solar finance, system design and engineering, procurement, turnkey installation, testing, system monitoring, and operations and maintenance. With offices in Atlanta, Georgia and Charlotte, NC and Washington DC, SolAmerica has extensive experience delivering high-profile solar projects. For additional information about SolAmerica, visit www.solamericaenergy.com.
Forward Looking Statements
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By their nature, forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. Factors that might cause such differences include, but are not limited to, a variety of economic, competitive, and regulatory factors, many of which are beyond SunEdison's control and are described in SunEdison's Form 10-K for the fiscal year ended December 31, 2014, as well as additional factors it may describe from time to time in other filings with the Securities and Exchange Commission. You should understand that it is not possible to predict or identify all such factors and, consequently, you should not consider any such list to be a complete set of all potential risks or uncertainties.
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SOURCE SunEdison, Inc.