SunEdison signs 2.9 MW PPA with Bloomberg data

Written By: Stratton Report
November 2, 2015

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SunEdison signs 2.9 MW PPA with Bloomberg data center for remote net metered solar power

On November 2, SunEdison, Inc. announced that it had signed a power purchase agreement with Bloomberg, the global business and financial information and news provider, to power the company’s Rockland County, New York-based data center with 2.9 megawatts DC of solar energy. The solar power plant is expected to offset more than 5 percent of the data center’s electricity usage.
SunEdison will supply Bloomberg with solar power through a state-wide program called “remote net metering” where the solar system is built in the same region as the customer, and energy is delivered over the existing power lines.

Steve Raeder, SunEdison’s regional general manager of its Eastern U.S. solar business commented: “Data centers consume enormous amounts of energy and that can mean sky-high energy bills, but SunEdison solar solutions can help companies quickly reign in their energy costs. We’re delighted to work with an industry leader like Bloomberg to help them save money while advancing their sustainability initiatives.”

Curtis Ravenel, Bloomberg’s global head of Sustainable Business and Finance remarked:

“Bloomberg is constantly looking for opportunities to expand its portfolio of renewable energy projects that make good business sense–projects that reduce costs, diversify energy supply and have a positive environmental impact. With this project, we’re projecting to save more than $2 million over the life of the agreement versus traditional utility prices, and it helps us reach our sustainability and climate goals.”

Bloomberg and SunEdison are members of the Business Renewables Center, a collaborative platform launched by the Rocky Mountain Institute. The platform aims to accelerate corporate renewable energy procurement and double U.S. capacity of wind and solar energy by 2025. Bloomberg is also a signatory of the Renewable Energy Buyers Principles, a set of six principles that articulate the needs of corporate renewable energy buyers.

Construction of the solar power plant is targeted for completion in the fourth quarter of 2016. Operation and maintenance of the solar power plant will be performed by SunEdison Services, which provides global asset management, monitoring and reporting services.