SunEdison Inc. NYSE: SUNE has successfully completed three new solar installations for the Irvine Unified School District in Orange County, California.
The school district now powers 22 schools with SunEdison's solar photovoltaic (PV) systems.
"We're proud to announce that we are anticipating $5 million to $8 million on avoided energy costs over the next 20 years by working with SunEdison," said Mark Sontag, director for math, science, and career technical education at Irvine Unified School District. "We accomplished this with zero up-front costs, and zero maintenance costs through a power purchase agreement (PPA) with SunEdison. That extra budget means more resources for our teachers and students. As the largest solar powered school district in Orange County with over 5.4 megawatts (MW) installed, we're taking this opportunity to educate our children on the benefits solar energy can bring to the community."
SunEdison and its financing partners will be the owner and operators of the systems.