Renewable energy firm SunEdison (NYSE: SUNE) will head several solar projects in Alameda County near the Bay Area, according to a company press release. The firm will install 3 megawatts worth of solar systems at seven sites in the county.
The agreement with the County of Alameda may result in cost savings of $9.5 million after installation.
The project is involved in the second phase of the Regional Renewable Energy Procurement Program.
"Adding a second phase to the successful R-REP is a testament to Alameda's commitment to maximize solar power in Bay Area communities and become a sustainable county," Sam Youneszadeh, managing director of western U.S. sales at SunEdison, said in a statement.
The company has previous experience working with Alameda County after obtaining a contract for a 11 MW solar system in the county - one of numerous projects awarded for SunEdison within the Bay Area.
The Alameda County project adds to the firm's pipeline of projects in development or acquisition. Recently, SunEdision has noted that it will obtain ownership of five portfolios of renewable energy projects.
These include wind, solar and hydropower generation sources. In total, SunEdison will own 757 MW of operating projects around the world, Brazil to China.