SunEdison, Inc. today announced that it has signed 20-year power purchase agreements with Los Angeles County in a deal that will see nine government facilities powered with 6.2MW DC of solar energy. The solar power purchase agreements are projected to save taxpayers millions of dollars, and will provide predictable energy pricing to L.A. County for decades to come.
"Municipalities across America are looking for ways to stretch their dollars and take a bite out of rising electricity rates, and SunEdison solar systems are a great way to accomplish this goal," said Sam Youneszadeh, SunEdison's regional general manager of its Western U.S. solar business. "By signing a long term agreement with guaranteed pricing, L.A. County will save millions of dollars while dramatically reducing its exposure to rising utility rates. SunEdison has installed hundreds of solar systems for public sector customers throughout the U.S., so our customers can rest assured that we understand their needs and know how to do the job right."
SunEdison will build solar parking canopies at many of the locations. Solar parking canopies provide both shade for parked cars and cost effective, clean solar energy.
The systems are expected to generate enough energy each year to power more than 1,400 Californian homes. Over the 20-year period, the systems will reduce carbon dioxide emissions by more than 114 million pounds—the equivalent of taking more than 10,000 cars off the road.
Construction for all nine projects is targeted for completion during the second half of 2016. Operation and maintenance of the solar systems will be performed by SunEdison Services.