TerraForm Power Inc. (Nasdaq: TERP) acquired the project upon its completion from its Call Rights Projects list. The project will supply its output to Lakeland Electric under a 25-year power purchase agreement. SunEdison has completed three other projects for Lakeland Electric and is developing two more. The total solar power capacity of the portfolio under the Master Agreement is expected to be 24 MW.
SunEdison Services will perform operation and maintenance of the solar plant.