SunEdison Inc. has secured a deal to build a 2.2 MW solar installation on the property of the Stockton East Water District in northern California and sell the project’s output to the water district.
With the solar power purchase agreement, the district will receive the benefits of solar energy without any up-front cost; SunEdison will install, own and operate the system while the district buys the electricity at lower rates than offered by their local utility.
“With no up-front costs and savings starting from day one, we couldn’t be happier with SunEdison,” states Scot Moody, the water district’s general manager. “We’re expecting to save more than $9.5 million with this project. This is a great example of how we’re looking at new initiatives to save money and be good stewards of the environment.”
The project is expected to generate enough energy to offset approximately 50% of the electricity used at the facility. SunEdison intends to complete the solar system this year, and SunEdison Services will provide operations and maintenance for the project.