SunEdison has signed a 20-year power purchase agreement (PPA) with the Rialto Unified School District in California for 8.4 MW of solar power. As part of the agreement, SunEdison will install solar canopies above the parking lots of all 28 schools in the district.
The school district expects the solar systems to generate a 20 percent savings on its electricity bill, which equates to $1 million saved in the first year alone.
The canopy mounted solar systems are expected to be completed in the second half of 2016. The solar systems are on the Call Right Projects List for TerraForm Power, an owner and operator of clean energy power plants. TerraForm Power anticipates acquiring these projects once complete.
Operation and maintenance of these solar power plants will be performed by SunEdison Services.