SunEdison to Develop 14 Megawatts of Solar Plants on Long Island

(Bloomberg) — SunEdison Inc., the best-performing U.S.
solar company, agreed to build 14 megawatts of solar capacity at
seven locations in the state of New York.

The contracts with the Long Island towns of Southold and
Easthampton, Nassau and Suffolk counties, and the Suffolk County
Water Authority were awarded as part of the Long Island Power
Authority’s feed-in-tariff program, Maryland Heights, Missouri-based SunEdison said Thursday in a statement. Terms weren’t
disclosed.

LIPA has agreed to separate 20-year contracts to buy
electricity from the solar farms, which will power about 1,100
homes. TerraForm Power Inc., SunEdison’s yieldco unit, is
expected to purchase the solar plants once completed.

SunEdison has gained about 59 percent over the past year,
the most of any U.S. company on the 21-member Bloomberg
Intelligence Global Large Solar Energy Index
.

To contact the reporter on this story:
Justin Doom in New York at
jdoom1@bloomberg.net

To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Will Wade, Carlos Caminada

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