SunEdison to Sell Clean Energy Credits to Constellation Energy
Posted on: Monday, 4 February 2008, 09:00 CST
Solar energy services provider SunEdison has announced a 15-year agreement to sell an estimated 4MW of solar renewable energy credits to the Constellation Energy Commodities Group, a subsidiary of Constellation Energy, in the US state of Maryland.
When completed, the installations covered under this agreement will provide 30% of Maryland's Renewable Portfolio Standard solar energy requirements in 2008, and almost 60% in 2009.
This long-term agreement will permit SunEdison to install solar systems on its customers' properties, and the estimated 4MW of facilities to be built will reportedly triple the capacity of solar generation operating in the state.
Thomas Rainwater, SunEdison's CEO, said: "This transaction furthers the deployment of large-scale solar systems nationwide. It ensures that Maryland plays a significant part in meeting the state and nation's energy needs."
Source: Datamonitor
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