Governor, Top Leaders Unveil New England's Largest Solar Parking Canopy at Bristol Community College

Partnership with PowerOptions, SunEdison Puts Parking Lot on Double Duty

Aug 14, 2015, 07:33 ET from SunEdison, Inc.

FALL RIVER, Mass., Aug. 14, 2015 /PRNewswire/-- Governor Charlie Baker and leaders from Bristol Community College (BCC) and its partners today unveiled New England's largest solar parking canopy to date, a 3.2 megawatt solar array covering 800-parking spaces on five acres of the College's Fall River Campus.

Built in partnership with the nonprofit energy-buying consortium PowerOptions and its solar partner SunEdison, Inc. (NYSE: SUNE), the solar array will generate more than 34 million kilowatt hours of energy each year, enough to cover half of the campus' electricity needs and generate a 20-year savings of more than $1.75 million. The solar parking canopy avoids the emission of more than 1,500 tons of carbon dioxide each year, which is the same as removing approximately 5,000 cars from the road.

"Clean energy technology in Massachusetts is thriving, spurred by the Commonwealth's innovative spirit, vibrant technology industry, strong public-private partnerships and world class academic institutions," said Governor Charlie Baker. "Initiatives like the solar canopy at Bristol Community College leverage opportunities at state facilities, and position the state to reduce greenhouse gas emissions, while protecting the environment and moving towards our administration's solar goal of generating 1,600 megawatts at homes, businesses, municipalities, and state agencies by 2020."

"Bristol Community College is committed to sustainable energy and lessening our impact on the planet," said John J. Sbrega, Ph.D., President of Bristol Community College. "This public-private collaboration is a model for energy generation and usage, and Bristol Community College is taking a leading role in finding solutions to address the enormous power needs of modern higher education."

The solar canopy will supply power for the entire Fall River Campus, and is slated to be a major part of the Zero Net Energy plans for the John J. Sbrega Health and Science Building which is currently under construction. The building will house health sciences programs and life sciences laboratory learning spaces, which are notoriously huge energy consumers. The solar canopy, coupled with design choices for passive solar in the building itself and installation of geothermal wells, will help the college achieve this Zero Net Energy goal for the building.

For a 3:50 video showing the project and its scale and placement on the Fall River Campus, watch here: https://www.youtube.com/watch?v=hzavFQaSsvQ.

The joint projects have already garnered national attention for the innovative approach to renewable energy, including the Leading by Example award from the Commonwealth, Bellwether Finalist Award, and the Innovation award from the National Association of College and University Business Officers (NACUBO). It has also been the subject of articles in many trade publications.

Governor Baker hailed the solar parking canopy as an exemplary model of how renewable energy generation can be incorporated at nonprofit organizations and public institutions like the college. The Governor added that this is a great example of the how the public, private, and nonprofit sectors can band together to solve complex problems and save money.

The canopy is the latest realization of the PowerOptions Solar Program, unveiled in 2012, which helps nonprofits, government institutions, and municipalities enjoy the clean, cost-effective, and sustainable energy benefits of solar power.

"Our mission is to help state agencies and nonprofits navigate the complicated and costly energy market and reinvest any savings of time and money back into their missions, so this canopy is a measurable win-win for Bristol Community College, its students and the entire Commonwealth," said PowerOptions President and CEO Cynthia Arcate. "We're delighted to be showing off the biggest canopy in the region but the best benefit is in allowing the college to focus on and reinvest in its core mission."

"A solar parking canopy system of this size and scale is the perfect fit for Bristol Community College's renewable energy needs," said Steve Raeder, SunEdison managing director of commercial and industrial for the Eastern U.S. "Colleges, municipalities and other facilities with large parking areas can also benefit from the innovative SunEdison solar parking canopy system, which provides shade and shelter in addition to generating cost effective, clean solar energy. With solar projects like this, made possible by the governor's forethought and effective renewable energy policies, the Commonwealth is well on its way to reaching its renewable energy goals."

The college has signed a power purchase agreement with SunEdison to buy the power from the solar canopy for a guaranteed price over the next 20 years. Operation and maintenance of the solar canopy system will be performed by SunEdison Services, which provides global 24/7 asset management, monitoring and reporting services.

TerraForm Power, Inc. (Nasdaq: TERP), a global owner and operator of clean energy power plants has acquired the solar project from SunEdison. This project was on the Call Right Projects List.

About Bristol Community College As the leading resource for education and workforce development in southeastern Massachusetts, Bristol Community College provides programs that promote individual opportunity and the region's economic health. The College has an undergraduate population of 12,514 (unduplicated headcount of credit students for 2013-14) and 19,256 in noncredit enrollments. Bristol Community College changes the world by changing lives, learner by learner. For more information visit www.bristolcc.edu.

About PowerOptions PowerOptions® is the largest energy buying consortium in Massachusetts, serving more than 500 nonprofit organizations and governmental entities with combined annual energy sales of roughly $200 million. With supply offerings for electricity, natural gas, and solar power, PowerOptions provides its members budget certainty and savings, as well as best-in-industry consumer protections. Joining is easy—any nonprofit or public institution in Massachusetts, Connecticut, and Rhode Island may become a member and participate in this collective purchasing effort. For more information, visit www.poweroptions.org.

About SunEdison SunEdison is the world's largest renewable energy development company and is transforming the way energy is generated, distributed, and owned around the globe. 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.

Forward Looking Statements This communication may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. These statements involve estimates, expectations, projections, goals, assumptions, known and unknown risks, and uncertainties and typically include words or variation of words such as "expect," "anticipate," "believe," "intend," "plan," "seek," "estimate," "predict," "project," "goal," "guidance," "outlook," "objective," "forecast," "target," "potential," "continue," "would," "will," "should," "could," or "may" or other comparable terms and phrases. All statements that address operating performance, events, or developments that SunEdison expects or anticipates will occur in the future are forward-looking statements. They may include estimates of expected cash available for distribution (CAFD), earnings, revenues, capital expenditures, liquidity, capital structure, future growth, and other financial performance items (including future dividends per share), descriptions of management's plans or objectives for future operations, products, or services, or descriptions of assumptions underlying any of the above. Forward-looking statements provide SunEdison's current expectations or predictions of future conditions, events or results and speak only as of the date they are made.  Although SunEdison believes its expectations and assumptions are reasonable, it can give no assurance that these expectations and assumptions will prove to have been correct and actual results may vary materially.

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.



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