SunEdison today announced the completion of a 2.5 megawatt solar energy system that will supply electricity to the Cecil County School of Technology via a 20 year power purchase agreement. These projects were on the TerraForm Power call right list and have been acquired and are now owned by TerraForm Power, Inc. (Nasdaq: TERP), a global owner and operator of clean energy power plants.
The Cecil County School of Technology's solar system is designed to produce more energy than the on-site facility needed. Under aggregated net metering, other buildings owned by theCecil County Board of Education can share the output of these solar systems, even if they are not physically connected to them or are on a different meter.
"The Cecil County Board of Education is making a smart financial move by leveragingMaryland's aggregated net metering program to maximize electricity savings across all of their buildings," saidMichael Volpe, Sales Director at SunEdison.
"Our school system is achieving electricity savings through the use of aggregated net metering," saidPerry Willis, Executive Director of Support Services,Cecil County Public Schools. "SunEdison's expertise has helped us achieve our goals and we look forward to enjoying energy savings for many years to come. The extra savings means more resources for our teachers and students, which we're thrilled about."
"Standard Solar is excited to be working with Cecil County Public Schools and SunEdison to make this project a reality," saidScott Wiater, President of Standard Solar. "We're always honored to work on projects like this which benefit students and teachers."
This project was made possible through Maryland's Aggregated Net Metering Program, which is available for municipal institutions, agriculture and non-profits. Through its Renewable Portfolio Standard, theState of Maryland hopes to generate 20 percent of its electricity from renewable sources by 2020.
