SunEdison to Construct Three New Solar Power Plants in Utah Totaling 262 MW
BELMONT, Calif., April 9, 2015 /PRNewswire/ –SunEdison, Inc. (NYSE: SUNE), the world’s largest renewable energy developer, today announced that it has signed agreements to construct and install three new utility-scale solar power plants in southern Utah with a total capacity of 262 megawatts DC.
PacifiCorp, an electric utility that serves 1.8 million residential, commercial, and industrial customers, will purchase the electricity through three 20-year power purchase agreements according to its obligation under the federal Public Utilities Regulatory Policies Act. The purchase agreements and the price of the electricity will be at the utility’s avoided cost of electricity, which reflects the utility’s costs to purchase or generate the power from other resources. The contract will be approved by the Utah Public Service Commission to ensure a fair price for PacifiCorp customers.
