SunEdison has signed a 20-year power purchase agreement with the City of Watervliet, N.Y., for approximately 1 MW DC of solar power, which will be used in all city-owned buildings, including City Hall, the fire station and the library.
The company expects this agreement will save city taxpayers more than $1 million in energy costs over the next 20 years.
SunEdison will supply the city with solar power through a statewide remote net metering program, which allows customers to reap the savings and environmental benefits of solar even if they are unable to install a system on-site.
The City of Watervliet was advised by Solomon Energy, a company that works with municipalities to identify opportunities for low or no-cost solar power to reduce energy costs and avoid future budgetary problems due to increases in energy cost.
The solar power comes from an 868 kW DC solar system that is expected to generate enough clean electricity each year to offset more than 83% of the city's electricity usage for city-owned buildings. The system should also reduce carbon dioxide emissions by more than 11 million pounds over the 20-year period.
SunEdison says it intends to both start and complete project construction within the year. SunEdison Services, which provides global asset management, monitoring and reporting services, will handle operation and maintenance.