SunEdison, a solar energy services provider and a subsidiary of MEMC Electronic Materials, has signed an agreement with Weingarten Realty Investors, a real estate investment trust, for the deployment of up to 10 MW of PV solar power plants in Arizona and New Mexico.
By leasing space on Weingarten's underused rooftops SunEdison will install and operate solar energy systems that will allow Weingarten to convert underused roof space into a source of new revenue, the companies explain. Once a system is operational, Weingarten Realty Investors will purchase the energy for common areas, and/or allow its tenants to realize energy savings by choosing to purchase power generated through the program at or below average retail energy rates.
SOURCE: SunEdison
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