Welcome!

News Feed Item

SunEdison and TerraForm Power Announce Interconnection of Two New State Facilities to Continue Successful Partnership with California Department of Corrections and Rehabilitation

Pleasant Valley State Prison and Coalinga State Hospital Latest State Facilities to Become Solar Powered

BELMONT, Calif., Aug. 28, 2014 /PRNewswire/ -- SunEdison, Inc. (NYSE: SUNE), a leading global solar technology manufacturer and provider of solar energy services and its affiliate TerraForm Power, Inc. (NASDAQ: TERP), a global renewable energy company, today announced the completion and interconnection of a 2.6 megawatt (MW) DC system at the Coalinga State Hospital and a 1.6 MW DC system at the Pleasant Valley State Prison. The systems were installed for the California Department of Corrections and Rehabilitation (CDCR) and California Department of State Hospitals, and together will provide enough electricity annually to power approximately 800 homes.  

"SunEdison has installed 40 MW DC of solar at 12 different locations for the CDCR," said Bob Powell, president, North America at SunEdison. "It's been a successful long term partnership for both parties dating back to 2006. Implementing solar at a state prison could be a complex undertaking given the stringent security requirements, but our extensive design and installation experience enables us to simplify the process and deliver on time and on budget."

"Pleasant Valley is one of 12 prison sites that use solar-generated electricity, as part of our larger program to make all of our facilities as low-polluting and energy efficient as possible," said Deborah Hysen, Acting Director of Facility Planning, Construction and Management for the Department of Corrections and Rehabilitation. "Our use of solar energy is projected to reduce greenhouse gas emissions by more than 61,000 metric tons in 2014 and will save taxpayers approximately $78 million in energy costs over the next 20 years."

Energy savings are realized via a 20 year power purchase agreement (PPA) with a subsidiary of TerraForm Power, the owner of the systems. These two commercial and industrial systems represent 4.2 MW DC of the 808 MW DC in TerraForm Power's initial portfolio following its initial public offering on July 23, 2014.  With the completion of these 2 projects, all five of the systems in TerraForm Power's California Public Institutions portfolio are now fully operational. Operation and maintenance of the two solar power plants will be performed by the SunEdison Renewable Operation Center (ROC), which provides global 24/7 asset management, monitoring and reporting services.

"We are proud to announce this significant milestone in our partnership with California Department of Corrections and Rehabilitation, which reinforces our position as a market leader in the commercial and industrial segment," said Carlos Domenech, president, TerraForm Power. "This project also demonstrates our strong partnership with SunEdison, which is enabling us to accelerate our growth in the market, and we look forward to progressing with this and other global programs."

About SunEdison                  
SunEdison is a global leader in transforming how energy is generated, distributed and owned. SunEdison manufactures solar technology and develops, finances, installs and operates distributed solar power plants, delivering predictably priced electricity and services to its residential, commercial, government and utility customers.  SunEdison also provides 24/7 asset management, monitoring and reporting services for hundreds of solar systems worldwide via the company's Renewable Operation Center (ROC). SunEdison has offices in North America, Europe, Latin America, Africa, India and Asia. SunEdison's common stock is listed on the New York Stock Exchange under the symbol "SUNE."  To learn more visit www.sunedison.com.

About TerraForm Power               
TerraForm Power (NASDAQ: TERP) is a global renewable energy company that is helping change the way renewable energy is generated, distributed, used and owned. TerraForm Power creates value for its investors by owning and operating high quality solar power portfolios around the globe. While TerraForm Power owns and operates some of the world's most technologically advanced solar installations, the company intend to acquire other clean power generation assets including wind, geothermal, hydroelectric and hybrid energy solutions where the right opportunities present themselves with a goal to provide power to our customers around the clock. For more information about TerraForm Power, please visit: www.TerraForm.com.

Forward Looking Statements                
Certain matters discussed in this press release are forward-looking statements, including that the systems will produce enough electricity to power 800 homes, and that the use of solar energy is projected to reduce greenhouse gas emissions by more than 61,000 metric tons in 2014 and will save taxpayers approximately $78 million in energy costs over the next 20 years. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Potential risks and uncertainties include changes in applicable regulatory requirements and incentives for production of solar power; and general business and economic conditions, including seasonality of the industry, and other risks described in SunEdison's filings with the United States Securities and Exchange Commission. These forward-looking statements represent SunEdison's judgment as of the date of this press release. SunEdison disclaims, however, any intent or obligation to update these forward-looking statements.

SOURCE SunEdison, Inc.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
"MobiDev is a Ukraine-based software development company. We do mobile development, and we're specialists in that. But we do full stack software development for entrepreneurs, for emerging companies, and for enterprise ventures," explained Alan Winters, U.S. Head of Business Development at MobiDev, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
What's the role of an IT self-service portal when you get to continuous delivery and Infrastructure as Code? This general session showed how to create the continuous delivery culture and eight accelerators for leading the change. Don Demcsak is a DevOps and Cloud Native Modernization Principal for Dell EMC based out of New Jersey. He is a former, long time, Microsoft Most Valuable Professional, specializing in building and architecting Application Delivery Pipelines for hybrid legacy, and cloud ...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend 21st Cloud Expo October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
21st International Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Me...
SYS-CON Events announced today that Cloud Academy named "Bronze Sponsor" of 21st International Cloud Expo which will take place October 31 - November 2, 2017 at the Santa Clara Convention Center in Santa Clara, CA. Cloud Academy is the industry’s most innovative, vendor-neutral cloud technology training platform. Cloud Academy provides continuous learning solutions for individuals and enterprise teams for Amazon Web Services, Microsoft Azure, Google Cloud Platform, and the most popular cloud com...
SYS-CON Events announced today that TechTarget has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. TechTarget storage websites are the best online information resource for news, tips and expert advice for the storage, backup and disaster recovery markets.
DevOps at Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to w...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.
"We focus on composable infrastructure. Composable infrastructure has been named by companies like Gartner as the evolution of the IT infrastructure where everything is now driven by software," explained Bruno Andrade, CEO and Founder of HTBase, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"Tintri focuses on the Ops side of the DevOps, which basically is pushing more and more of the accessibility of the infrastructure to the developers and trying to get behind the scenes," explained Dhiraj Sehgal of Tintri in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
SYS-CON Events announced today that CA Technologies has been named "Platinum Sponsor" of SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business - from apparel to energy - is being rewritten by software. From planning to development to management to security, CA creates software that fuels transformation for companies in the applic...
SYS-CON Events announced today that Telecom Reseller has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
Hardware virtualization and cloud computing allowed us to increase resource utilization and increase our flexibility to respond to business demand. Docker Containers are the next quantum leap - Are they?! Databases always represented an additional set of challenges unique to running workloads requiring a maximum of I/O, network, CPU resources combined with data locality.
The current age of digital transformation means that IT organizations must adapt their toolset to cover all digital experiences, beyond just the end users’. Today’s businesses can no longer focus solely on the digital interactions they manage with employees or customers; they must now contend with non-traditional factors. Whether it's the power of brand to make or break a company, the need to monitor across all locations 24/7, or the ability to proactively resolve issues, companies must adapt to...
Cloud Expo, Inc. has announced today that Andi Mann and Aruna Ravichandran have been named Co-Chairs of @DevOpsSummit at Cloud Expo Silicon Valley which will take place Oct. 31-Nov. 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. "DevOps is at the intersection of technology and business-optimizing tools, organizations and processes to bring measurable improvements in productivity and profitability," said Aruna Ravichandran, vice president, DevOps product and solutions marketing...