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SunEdison announces solar projects in Utah and New York

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Largest solar plant in Utah
SunEdison announced the successful completion and interconnection of the South Milford solar facility in Milford, Utah. The 3.8 megawatt DC facility is now the largest operating solar power plant in Utah. TerraForm Power acquired the solar power plant from its Call Right Projects List.

PacifiCorp, an electric utility that serves 1.8 million customers in six western states, will purchase the electricity according to its obligation under the federal Public Utilities Regulatory Policies Act. The purchase agreements and the price of the electricity were approved by the Utah Public Service Commission to ensure a fair price for PacifiCorp customers.

“We’re proud to announce the completion of Utah’s largest solar power plant,” said SunEdison Executive Vice President of Americas and EMEA, Paul Gaynor. “This is the first of many SunEdison projects to come online in Utah, and SunEdison is leading the way with more than 700 megawatts of solar projects planned for delivery over the next 18 months.”

The South Milford plant is expected to generate enough electricity to power more than 500 homes, and should eliminate the emission of more than 12 million pounds of carbon dioxide per year, the equivalent of taking more than 1,200 cars off the road. PacifiCorp will purchase the electricity via a SunEdison 20-year power purchase agreement, which enables customers to lock-in low priced electricity at long term predictable prices.

Operation and maintenance of the solar power plant will be performed by SunEdison Services, which provides global 24/7 asset management, monitoring and reporting services.

Seven solar plants for Long Island
SunEdison announced that it has signed agreements with five municipal entities on Long Island to build seven solar power plants totaling 14 megawatts (MW) DC.

The electricity from these power plants will be sold to the Long Island Power Authority (LIPA), an electricity service provider for 1.1 million customers in Long Island, New York, through separate 20 year power purchase agreements. The contracts with the Town of Southold, Town of Easthampton, Nassau County, Suffolk County and the Suffolk County Water Authoritywere awarded as part of the LIPA 100 MW Clean Solar Initiative Feed-in Tariff program.

“LIPA’s Clean Solar Initiative program allows communities to benefit from locally generated solar energy, enabling them to better control energy costs,” said Steve Raeder, managing director of Eastern USA distributed generation for SunEdison. “This program has been extremely successful and we look forward to developing more projects in Long Island.”

Raeder went on to say: “And with the new NYSERDA block incentive program and the governor’s Reforming the Energy Vision plan, we can replicate our success in Long Island and bring clean, affordable solar energy to customers across the entire state of New York.”

The solar power plants are expected to produce enough electricity to power more than 1,100 homes, and should eliminate the emission of more than 27 million pounds of carbon dioxide annually, the equivalent of taking more than 2,600 cars off the road. As an added benefit, the construction of these solar power plants will create an estimated 100 jobs in theLong Island area.

These solar power plants are on the Call Right Projects List for SunEdison’s Yieldco affiliate, TerraForm Power, Inc. (Nasdaq: TERP), a global owner and operator of clean energy power plants. Accordingly, TerraForm Power expects to purchase these projects upon completion. Operation and maintenance of the solar power plant will be performed by SunEdison Services, which provides global 24/7 asset management, monitoring and reporting services.

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