+44 (0)24 7671 8970
More publications     •     Advertise with us     •     Contact us
 
Loading...
{megaLeaderboard}
{normalLeaderboard}
News Article

Macalester College Goes Solar And Saves Millions With SunEdison


SunEdison, Inc has announced that it has signed an agreement with Macalester College in Saint Paul, Minnesota to offset 100 percent of the college's electricity use with solar energy.Macalester College will save millions of dollars on electricity costs over the 25 year agreement by purchasing a share of output from SunEdison's community solar gardens.

The SunEdison community solar gardens program enables customers to receive a share of electricity output from a locally sited community solar system. Each month, the customer receives credits on their electricity bill "“ up to 120% of their electricity usage. At the end of the year, the customer will receive payment from the utility for any excess credits which have not been used.

"We're excited to be working with Macalester College, one of the first colleges to participate in SunEdison's community solar gardens program," said Sam Youneszadeh, Managing Director of Distributed Generation Western USA at SunEdison. "Our solar garden program allows customers to enjoy the benefits of solar even when they are unable to install solar systems on their property. We expect to see more schools, colleges, and universities follow Macalester College's lead and take advantage of the solar gardens program in the near future."

"We are happy to partner with SunEdison and participate in the community solar gardens program," said Macalester College Vice President for Finance and Administration David Wheaton. "Macalester has a long history of commitment to environmental and energy initiatives. This agreement furthers our campus sustainability goals and is a financially responsible initiative for Macalester. Given our projected consumption patterns and the expected rising trend in electricity rates over the period of the agreement, we believe that the savings over the term of the agreement could be in the millions of dollars.  Those savings will begin as soon as the solar gardens are operational and will benefit both current and future students."

SunEdison plans to begin construction of the community solar gardens in 2015 and begin commercial operation in 2016. This project is on the Call Right Projects List for TerraForm Power, Inc, a global owner and operator of clean energy power plants. SunEdison anticipates offering this project to TerraForm Power for investment upon completion. Operation and maintenance of the solar power plants will be performed by SunEdison Services, which provides global 24/7 asset management, monitoring and reporting services.


 

Schletter Group: 48 MWp Project in Italy
ENCAVIS Acquires Two More Solar Parks In Spain and Surpasses The Planned Expansion
Maximum profitability with KACO advanced technology for complex solar roofs
Enviromena wins contract to re-power three major solar farms ahead of the summer energy peak
New Swansea University Collaboration to Support Sustainable, Locally Manufactured Solar PV
New Swansea University Collaboration to Support Sustainable, Locally Manufactured Solar PV
Next2Sun Builds World's Largest Vertical PV Plant at Frankfurt Airport
DNV Publishes Bankability Study of Solcast Satellite Irradiance Data
Steel company SSAB switches to fossil-free energy in Italy with PV solution from Solnet
janom Investments enters the Croatian solar energy industry by investing in a 30 MW power plant project
Trina Solar Vertex S+ 505W n-type dual-glass modules enter mass production
BayWa r.e. and 3E sign partnership agreement for monitoring & analytics of global PV portfolio
Accelerating Spain's Energy Transformation: LONGi to supply Naturgy with 1 million modules in new deal
NTR announces corporate PPA with Almac Group to buy energy from Murley Wind Farm, Northern Ireland
Oxford PV sets new solar panel efficiency world record
Order Intake for the Construction of Wind Turbines in Turkey
Trilantic Europe acquires stake in AEROCOMPACT Group
Octopus Energy makes solar farm debut in Germany
Austria-based KOGA Energy, a solar EPC solutions provider, has kicked off.
Exus to acquire 625MW New Mexico solar portfolio
Capcora Accompanies SUSI Partners In Raising Senior Debt For a Polish Renewables Portfolio
Qualitas Energy acquires a 96 MW wind energy project pipeline in Germany
Nordex Group receives orders from the UK for approx. 150 MW
Trina Solar gains EPD certification from UL Solutions and EPDItaly for industry leading modules
Mandarin Oriental Hyde Park, London instals innovative solar tech to decarbonise heating
Efficiency First: The Road to Electrification
SCHLETTER Supplies Austria's Largest PV Roof System
E.ON partners with UK renewable heat innovator Naked Energy
Sonnedix signs innovative EUR500 million loan facility to finance construction of its renewable electricity pipeline in Europe and UK
Construction begins on Glennmont and Ørsted’s Borkum Riffgrund 3 offshore wind farm in Germany
ABB shores up reliable power supply at Southeast Asia’s largest floating solar plant
Sonnedix starts construction of 300MW UK solar PV portfolio

×
Search the news archive

To close this popup you can press escape or click the close icon.
Logo
×
Logo
×
Register - Step 1

You may choose to subscribe to the Solar + Power Magazine, the Solar + Power Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in: