AT&T Taps Solar Energy in Reciprocal Deal with SunEdison

Article Tools

Latest News

More Latest News

AT&T and SunEdison, a provider of solar energy services, are expanding AT&T's solar initiative with a new rooftop solar power installation in San Diego.

The rooftop photovoltaic system is projected to generate an estimated 420,000 kilowatt hours of energy in its first year of operation. Over 20 years, it is estimated that the power installation will generate more than 7.7 million kilowatt hours of energy. That’s enough energy to power more than 720 U.S. homes for one year.

The environmental attributes associated with the solar power installation will avoid more than 8 million pounds of carbon dioxide during the initial 20 years of operation, the equivalent of taking more than 800 cars off the road, according to SunEdison.

"Our residents and businesses have embraced clean energy, which not only benefits our environment, but also our region's economy,” noted San Diego Mayor Jerry Sanders as the solar equipment recently was inaugurated.

In addition to the installation in San Diego, AT&T has contracted with SunEdison, a subsidiary of MEMC Electronic Materials (NYSE: WFR), to deploy five other solar power installations in California by the second quarter of 2011. The additional California solar deployments will be located in Dunnigan, Commerce, Mojave, Santa Ana and West Sacramento.

Reciprocal deal

In return for SunEdison’s agreement to construct, monitor and maintain an additional five solar power installations in California, AT&T will buy the energy produced from the solar systems to offset its grid demand.

"We are continually seeking opportunities to add renewable energy resources to power our business operations, and this agreement provides more sustainable solutions for our energy needs in California," said John Schinter, director of energy at AT&T, in a statement.

"SunEdison makes solar a reality for commercial clients throughout the world," said Brian Jacolick, general manager of the Americas region for SunEdison.


Acceptable Use Policy
blog comments powered by Disqus

Photo Galleries

New York's Star Deals

http://nreionline.com/images/nyc_big_deals_homepage_thumb.jpgThe city that never sleeps is also the city that never stops growing, not even in the midst of recession. And deals, both bold and unprecedented, continue to be done. Check out image of New York's big deals.

Hudson Yards Development

http://nreionline.com/photo_gallery/hudson_yardsCheck out images for Coach's new global headquarters, which will anchor the initial tower of the Eastern Rail Yards site within the 26-acre mixed-

Videos

NREI TV at the MBA CREF 2012 Conference

http://nreionline.com/video/mba2012_david_thumbnail.jpgCheck out these videos of NREI Editorial Director David Bodamer speaking with industry experts from Atlanta.

 

Click here to view more videos.


Blogs


http://nreionline.com/blog/schein_blog_headshot.jpg

Real Vox

Traffic Court

The Full Nelson

Events

Strategic Real Estate Investment Conference

Date: Thursday, June 7, 2012
Time: 7:45AM-6:00PM
Place: 1290 Avenue of the America, 5th Floor
What: A full-day event exploring portfolio diversification through opportunistic and alternative investments....

Click here to view more events...

http://nreionline.com/nrei-300x125-house-091211-resourcebook-jpg.jpg

This Week's Most Popular

Current Issue

http://nreionline.com/april2012_cover.jpg

NREI Newsletters



Retail Traffic Newsletters

View NREI Newsletters

NREI Newsline
NREI Seniors Housing Finance and Development
NREI The Green Sheet
NREI Institutional Outlook
NREI Distressed Real Estate Strategies
NREI Daily/Central
NREI Daily/New York
NREI Daily/New Jersey
NREI Weekender
NREI Global Real Estate Monitor
REIT Insider
Retail Traffic Online
The Site Optimizer

Join the Conversation