SunEdison, Inc. (NYSE:SUNE), the largest global renewable energy development company, today announced that it has signed 20-year power purchase agreements withLos Angeles County in a deal that will see nine government facilities powered with 6.2 megawatts 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.
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, which provides 24/7 global asset management, monitoring and reporting services.