SunEdison Completes Two New Solar Power Plants In Ontario Totaling 35.7 Megawatts
TORONTO, April 28, 2015 /PRNewswire/ -- SunEdison, Inc. (NYSE: SUNE), the world's largest renewable energy development company, today announced the interconnection of the 17.8 megawatt (MW) DC Solar Spirit and the 17.9 MW DC Bruining solar power plants, both located in Ontario. SunEdison has now installed more than 250 MW DC of utility-scale and commercial roof-top solar power plants in Canada.
"We're proud to support Ontario's goal of increasing the availability of clean, renewable energy," stated Michelle Chislett, Vice President and Canadian Regional Manager at SunEdison. "We're also pleased to create jobs for the people of Ontario – these two solar power plants provided over 200 construction jobs."
The solar power plants will provide clean energy to the Independent Electricity System Operator (IESO) through a 20-year feed-in-tariff agreement. This is enough electricity to power more than 4,000 homes for 20 years, and is the equivalent of removing over 8,000 metric tonnes of carbon dioxide from the atmosphere annually.
The Solar Spirit solar power plant was purchased by BluEarth Renewables, and the Bruining solar power plant was purchased by Firelight Infrastructure Partners. Operation and maintenance of the plants will be performed by SunEdison Services, which provides global 24/7 asset management, monitoring and reporting services.
About SunEdison
SunEdison is the world's largest renewable energy development company and is transforming the way energy is generated, distributed, and owned around the globe. The company manufactures solar technology and develops, finances, installs, owns and operates wind and solar power plants, delivering predictably priced electricity to its residential, commercial, government and utility customers. SunEdison is one of the world's largest renewable energy asset managers and provides asset management, operations and maintenance, monitoring and reporting services for its renewable energy customers around the world. Corporate headquarters are in the United States, with additional offices around the world. SunEdison's common stock is listed on the New York Stock Exchange under the symbol "SUNE." To learn more visit www.sunedison.com.
Forward Looking Statements
Certain matters discussed in this press release are forward-looking statements, including: this is enough electricity to power more than 4,000 homes a year for 20 years, and is the equivalent of removing over 8,000 metric tonnes of carbon dioxide from the atmosphere annually. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Potential risks and uncertainties include changes in applicable regulatory requirements and incentives for production of solar power; and general business and economic conditions, including seasonality of the industry, and other risks described in SunEdison's filings with the United States Securities and Exchange Commission. These forward-looking statements represent SunEdison's judgment as of the date of this press release. SunEdison disclaims, however, any intent or obligation to update these forward-looking statements.
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