This week, SunEdison has signed an agreement to develop and install a 2.6 MW solar power plant for the town of Winchendon, Mass. on a previously unusable 12 acre town-owned landfill site. The project will be converted under Massachusetts' Solar Renewable Energy Certificates (SREC II) program, which provides preferred incentives for brown field projects.
"The State's incentive program is a real driver for innovation when it comes to land use," says Steve Raeder, Managing Director of Distributed Generation Eastern USA at SunEdison, "It creates the opportunity to give unusable land a new life by converting it into a site for solar energy – towns like Winchendon can convert what was once a potential liability into a revenue generating asset."
With the PPA-secured solar power plant, Winchendon will save up to $8 million in energy costs over the next 20 years. It will also receive incremental lease revenue from SunEdison.
SunEdison anticipates adding the solar power plant to the Call Right Projects List for TerraForm Power, and expects to offer this project to TerraForm Power for investment 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.