SunEdison Inc. has signed a 20-year power purchase agreement with the Rialto Unified School District in California for 8.4 MW of solar power.
As part of the agreement, SunEdison will install solar canopies at the parking lots of all 28 schools in the district. The school district expects the solar systems to generate a 20% savings on its electricity bill.
The solar installations are scheduled to be completed in the second half of 2016. TerraForm Power Inc., SunEdison's yieldco subsidiary, anticipates acquiring these projects once they are finished.
Operation and maintenance of these solar power plants will be performed by SunEdison Services.
‘These SunEdison solar systems have the potential to generate millions of dollars in savings for our school district over the next 20 years,’ says Cuauhtemoc Avila, superintendent of the Rialto Unified School District.
