SunEdison, a solar energy services provider and subsidiary of MEMC Electronic Materials Inc., and the City of Huntington Beach, California, said they reached agreements pursuant to which SunEdison would deploy over 2 megawatts of solar capacity at three Huntington Beach city properties without upfront costs from the City. SunEdison is expected to start construction in the spring of 2011.
Through solar Power Purchase Agreements between the City of Huntington Beach and SunEdison, SunEdison would finance, construct, monitor and maintain three carport canopy photovoltaic power plants at the Huntington Beach Civic Center, Central Library and City Yard. In return, the City would buy the energy produced from these solar systems to offset their demand from the grid at predictable energy rates for 20 years.
Once completed, the three deployments are expected to produce more than 63 million kilowatt hours of clean solar energy over 20 years, enough energy to power over 5,900 average U.S. homes for one year.
