11 January 2016 2016 01:11 PM GMT

SunEdison helps City of Watervliet, NY, Slash Energy Costs

SunEdison, Inc., the largest global renewable energy development company, today announced that it has signed a 20-year power purchase agreement with Watervliet, New York for close to 1 megawatt DC of solar power. The solar power will be used in all city-owned buildings, including City Hall, the fire station and the library. The agreement with SunEdison is expected to save Watervliet taxpayers more than $1 million in energy costs over the next 20 years.

“SunEdison solar power is a great way for cities across the U.S. to reduce their exposure to rising utility rates,” said Steve Raeder, SunEdison’s regional general manager of its Eastern U.S. solar business. “We’re delighted to work with Watervliet to help them save money while advancing their sustainability initiatives. And, because we’ve installed hundreds of solar systems for municipal customers across America, we know how to do it quickly and cost effectively.”

“As Mayor, I make it a priority to pursue all efficient, safe and affordable measures to save taxpayers money—now and into the future,” said City of Watervliet Mayor Michael Manning. “With the rising cost of energy, the agreement with SunEdison is expected to save the city more than $1 million. It is a perfect example of looking outside the box and creating new initiatives that will save residents money and make us good stewards of our environment.”

SunEdison will supply the city with solar power through a state-wide program in New York called “remote net metering” which allows customers to enjoy the savings and environmental benefits of solar even if they are unable install a system on site. The solar system is built in the same region as the customer, and the customer receives the solar farm’s energy output as a credit on their monthly electricity bill.

The City of Watervliet was advised by Solomon Energy, a company that works with municipalities to identify opportunities for low or no-cost solar power to reduce and stabilize energy costs and to avoid future budgetary problems due to an extreme increase in energy cost.

“With no capital cost to the City and savings starting from day one, this solar power purchase agreement is a win-win for Watervliet,” said Jeffrey Conrad, President of Solomon Energy. “The remote net metering agreement could save the City more than $1 million, money that they can use on more important things like public safety and economic investment.”

The solar power comes from an 868 kilowatt DC solar system which is expected to generate enough clean electricity each year to offset more than 83 percent of the city’s electricity usage for city-owned buildings. The system should also reduce carbon dioxide emissions by more than 11 million pounds over the 20-year period—the equivalent to the annual amount of carbon sequestered by more than 4,000 acres of U.S. forest.

SunEdison intends to start and complete construction for the project in 2016. Operation and maintenance of the solar system will be performed by SunEdison Services, which provides global asset management, monitoring and reporting services.

August 16th 2019
Corporate Sourcing of Renewables Growing, Taking Place in 75 Countries

Companies in 75 countries actively sourced 465 terawatt hours (TWh) of renewable energy in 2017, an amount close to the overall electricity demand of France, according to the report from the International Renewable Energy Agency (IRENA). With the continued decline in the costs of renewables, the report suggests, corporate demand will continue to increase as companies seek to reduce electricity bills, hedge against future price spikes and address sustainability concerns.

August 9th 2019
Arsenal Unveil Battery Storage System: First Of Its Kind At A UK Football Club

Arsenal Football Club has unveiled a battery storage system (BSS) to store enough energy to run the 60,000 seater Emirates Stadium from kick-off to full time. It follows a unique collaboration with Pivot Power to install a 2MW/2.5MWh lithium ion BSS, with funds managed by Downing LLP. The project, the first of its kind in the UK, will also save club money as it works to support low-carbon plans. The BSS allows Arsenal to avoid peak power prices, buying electricity when it is cheap and storing it for use when prices are high. Typically, energy can cost three times more at peak times than overnight. The installation maintains Arsenal as the leader in sustainability in sport following its commitment to clean energy with Octopus Energy in 2016.

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