SunEdison Signs 20-year Power Purchase Agreement With Watervliet, NY

SunEdison, Inc. SUNE 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 See full press release