SunEdison (NYSE:SUNE) has sealed a 20-year power-purchase agreement with the city of San Diego that will see it build solar power generators across the city.
In all, SunEdison will install 6.6 megawatts (Mw) of solar units across 25 sites in California’s second largest city in a deal that the city projects will save its tax payers US$22mln over the lifetime of the agreement.
“SunEdison has a proven track record delivering high quality solar systems to hundreds of city and government customers across the US - we know how to help our customers get the best solution when it comes to saving money with solar," said Sam Youneszadeh, SunEdison’s regional general manager of its Western US solar business.
San Diego’s mayor said the agreement would help the city achieve its energy efficiency gains.
SunEdison will build solar parking canopies at many of the locations that provide shade for the cars underneath, while storing the solar power in panels on the roof.