Letter of Intent Signed for 10 Megawatts of Solar
ORLANDO, Fla. — July 22, 2008 – The Florida Municipal Power Agency (FMPA) announced today that it has signed a letter of intent with SunEdison for a 20-year power purchase agreement to provide 10 megawatts of solar photovoltaic capacity at several locations throughout the state.
The agreement with SunEdison, North America’s largest solar energy services provider, includes installation, construction, monitoring and operation of the solar systems, which will produce clean, renewable energy with no noise and little to no water in operation.
“The letter of intent is an important first step for Florida in developing a solar program for our municipal utility members,” said FMPA General Manager and CEO Roger Fontes. “We are excited that large-scale solar power is becoming a reality in the Sunshine State.”
SunEdison CEO Thomas (Tom) Rainwater added, “This underscores FMPA’s commitment to increasing renewable energy in Florida. FMPA continues to find economies-of-scale in power generation as it delivers unparalleled services to support community-owned electric utilities. SunEdison is honored that FMPA has chosen us to uphold its high standard in services.”
Once completed, the photovoltaic systems are estimated to deliver 12.8 million kilowatt hours of solar energy in the first year of operation, offsetting 17 million pounds of carbon. This is equivalent to powering more than 1,200 homes and removing 1,670 cars from the road annually.
FMPA and SunEdison plan to complete the negotiation, execution and delivery of final project agreements in the fall, with completed installation by the end of 2009. Under the terms of the letter of intent, FMPA and SunEdison will begin inspections of potential sites and locations at several FMPA member cities for project development.
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Sun Edison LLC is North America’s largest solar energy services provider and operates across a global marketplace. SunEdison provides solar-generated energy at or below current retail utility rates to a broad and diverse client base of commercial, municipal and utility customers. For more information about SunEdison, please visit www.sunedison.com
Florida Municipal Power Agency (FMPA) is a wholesale power company owned by 30 municipal electric utilities in Florida. FMPA provides economies of scale in power generation and related services to support community-owned electric utilities. The members of FMPA serve approximately two million Floridians. FMPA’s members include Alachua, Bartow, Blountstown, Bushnell, Chattahoochee, Clewiston, Fort Meade, Fort Pierce, Gainesville, Green Cove Springs, Havana, Homestead, Jacksonville Beach, Key West, Kissimmee, Lake Worth, Lakeland, Leesburg, Moore Haven, Mount Dora, New Smyrna Beach, Newberry, Ocala, Orlando, Quincy, St. Cloud, Starke, Vero Beach, Wauchula and Williston. Additional information is available on the Internet at www.fmpa.com.