Global business and financial information and news provider Bloomberg has enlisted the services of SunEdison to construct and operate a 2.9 MW solar array in an attempt to lower C02 emissions, save money and meet sustainability goals.
The two firms have arranged a power purchase agreement (PPA) that will see Bloomberg purchase the solar energy generated from the system via a statewide remote net metering program, designed to enable customers to enjoy the savings and environmental benefits of solar without needing to install a PV system onsite.
Instead, SunEdison will build the solar array near to the data center, which is located in Rockland County, New York. Using existing power lines, SunEdison will supply solar energy that will meet 5% of the data centers annual emissions, saving around $2 million and lowering emissions by 11,600 metric tons over the period of the agreement.
"Data centers consume enormous amounts of energy and that can mean sky-high energy bills, but SunEdison solar solutions can help companies quickly reign in their energy costs," said SunEdisons regional general manager of its Eastern U.S. solar business Steve Rader. "Were delighted to work with an industry leader like Bloomberg to help them save money while advancing their sustainability initiatives."
Both companies are founding members of the Business Renewables Center, which is a platform launched by the Rocky Mountain Institute to accelerate corporate renewable energy procurement and double the capacity of solar and wind power installed in the U.S. by 2025.
"Bloomberg is constantly looking for opportunities to expand its portfolio of renewable energy projects that make good business sense projects that reduce costs, diversify energy supply and have a positive environmental impact," said Bloombergs global head of sustainable business and finance Curtis Ravenel.
Construction of the solar plant is expected to be completed in the fourth quarter of next year, with SunEdison retained as the O&M provider.
SunEdison recently signed a PPA with data center provider Equinix in California, whereby the hosting company – which serves some of Silicon Valley’s largest blue-chip companies – will purchase 105 MW of SunEdison’s 150 MW Imperial Valley Solar Farm.