SunEdison Acquires TransAlta PV Projects

SunEdison, a division of MEMC Electronic Materials Inc. announced its purchase of two ground-mount solar photovoltaic (PV) development projects in Ontario from TransAlta.

Under the terms of the sale, SunEdison acquired more than 300 acres of land from TransAlta across two sites near Sandhurst, Ontario. The first site will be used to develop and construct a 10-MW Renewable Energy Standard Offer Program (RESOP) project. The second site will be developed for Ontario’s Feed-in-Tariff (FIT) program.

SunEdison will finance, build, own, operate, monitor and maintain the solar energy systems. The Ontario Power Authority will purchase the energy produced under the terms of Ontario’s RESOP and FIT programs, both enabled by Ontario’s Green Energy Act.  This acquisition is part of SunEdison’s ongoing activities to accelerate the development of solar PV projects in Ontario.

“We are excited to have purchased these solar photovoltaic development projects,” said Jason Gray, Canada Country Manager for SunEdison.  “SunEdison has a successful record of utility-scale solar PV system installations. We have the proven ability to bring solar energy projects to fruition and to do so quickly, so that we can all enjoy a cleaner, greener Ontario.”

SunEdison will work with Hydro One, Greater Napanee officials, and the local community to begin construction on the RESOP project in early 2011.

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