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Dienstag, 09.02.2016 12:55 von | Aufrufe: 280

SunEdison Solar to Save California Water District More Than $9.5 Million

Solarkollektoren an einem sonnigen Tag (Symbolbild). © querbeet / iStock / Getty Images Plus / Getty Images http://www.gettyimages.de

PR Newswire

BELMONT, Calif., Feb. 9, 2016 /PRNewswire/ -- SunEdison, Inc. (NYSE:SUNE), the largest global renewable energy development company, today announced it has signed a solar power purchase agreement with Stockton East Water District in Northern California. SunEdison plans to install 2.2 megawatts of high-performance SunEdison solar panels on the water district's property. By going solar, the district expects to save more than $9.5 million on energy costs over the next 20 years and 20 million gallons of water annually.

SunEdison Solar to Save California Water District More Than $9.5 Million

"A SunEdison solar system is a fast and effective way for organizations to reduce their energy costs," said Sam Youneszadeh, SunEdison's regional general manager of its Western U.S. solar business. "And it's a great way to save water too – on average it takes more than four gallons of water to generate each kilowatt-hour of electricity in California. By going solar, we're able to reduce water use by 99 percent, saving approximately 20 million gallons of water each year. SunEdison has installed solar at more than 1,000 locations in the U.S., saving more than 20 billion gallons of water in the process."

With SunEdison's solar power purchase agreement, the water district will enjoy the benefits of solar energy without any up-front cost. SunEdison installs, owns, and operates each system while the district buys the solar electricity at lower rates than offered by their local utility.

"With no upfront costs and savings starting from day one, we couldn't be happier with SunEdison,'' said Scot Moody, Stockton East Water District's general manager. "We're expecting to save more than $9.5 million with this project. This is a great example of how we're looking at new initiatives to save money and be good stewards of the environment."

The solar systems are expected to generate enough energy to offset approximately 50 percent of the electricity used at the facility. That same amount of electricity can power 650 Californian homes a year. The system also avoids the emission of more than 50 million pounds of carbon dioxide over 20 years—the equivalent of taking around 5,000 cars off the road.

SunEdison intends to complete the solar system in 2016. Operation and maintenance of the solar systems will be performed by SunEdison Services, which provides 24/7 global asset management, monitoring and reporting services.

About SunEdison


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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.

Forward Looking Statements

This communication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements involve estimates, expectations, projections, goals, assumptions, known and unknown risks, and uncertainties and typically include words or variations of words such as "anticipate," "believe," "intend," "plan," "predict," "outlook," "objective," "forecast," "target," "continue," "will," 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. 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. 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, but SunEdison can give no assurance that these expectations and assumptions will prove to have been correct and actual results may vary materially. SunEdison disclaims any obligation to publicly update or revise any forward-looking statement, except as required by law.

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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/sunedison-solar-to-save-california-water-district-more-than-95-million-300216911.html

SOURCE SunEdison, Inc.

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