SunEdison and Mayor Bloomberg Introduce New York City's Largest Solar Energy
NEW YORK, Dec. 4, 2013
NEW YORK, Dec. 4, 2013 /PRNewswire/ --SunEdison (NYSE:SUNE), one of the
world's largest solar energy providers, last week introduced an innovative
renewable energy project in partnership with America's largest city.
New York City Mayor Michael Bloomberg, alongside SunEdison officials, unveiled
a progressive partnership to build what will be the City's largest solar
energy project. "Freshkills was once the site of the largest landfill in the
world. Soon it will be one of the City's largest parks, and the site of the
largest solar power installation ever developed within the five boroughs,"
said Mayor Bloomberg. "Over the last twelve years we've restored wetlands and
vegetation and opened new parks and soccer fields at the edges of the site.
Thanks to the agreement today with SunEdison, we will increase the amount of
solar energy produced in New York City by 50 percent."
The project, which is scheduled to break ground in the second half of 2015,
will consist of two photovoltaic systems totaling up to 10 megawatts (MW) in
size, and will utilize between 30,000 and 35,000 high efficiency solar panels
installed across 47 acres leased to SunEdison at Freshkills Park. The project
will increase the city's renewable energy capacity by 50 percent and will help
reduce greenhouse gas emissions and local pollutants.
"Thank you to Mayor Bloomberg and his team for having the vision to use this
47-acre plot that was once a landfill to generate clean, renewable electricity
and also provide businesses in New York with (energy) cost savings," SunEdison
General Manager Attila Toth said at a press conference with Mayor Michael
Bloomberg and his staff. "The solar systems we intend to build at Freshkills
Park will be tangible proof of the Mayor's commitment to renewable energy, and
will serve as a model of public private partnerships by providing economic
benefit to both the city and businesses located within its five boroughs."
Fresh Kills landfill was closed in 2001. When reopened, the converted 2,200
acre park will be the largest in the city and help to meet the PlaNYC goal of
a 30-percent reduction in greenhouse gas emissions by 2030.
"It is only fitting that Freshkills, once a daily dumping ground, will become
a showcase of urban renewal and sustainability," said Mayor Bloomberg during
the event to introduce the project. "Because of a dramatic reduction in the
cost of panels, (solar) has become competitive without subsidies with other
forms of energy."
SunEdison is proud to be a part of this project," added Toth. "We intend to
demonstrate for this city and for the world, just why our customers have
continued to trust SunEdison. This Freshkills Park project further
exemplifies how we are meeting our customer's renewable energy needs and
growing our business in a significant way."
Certain matters discussed in this press release are forward-looking
statements, including that the project is scheduled to break ground in the
second half of 2015; will increase the city's renewable energy capacity by 50
percent; will consist of two photovoltaic systems totaling up to 10 megawatts
(MW) in size; and will utilize between 30,000 and 35,000 high efficiency solar
panels installed across 47 acres leased to SunEdison at Freshkills Park. Such
statements involve certain risks and uncertainties that could cause actual
results to differ materially from those in the forward-looking statements.
Potential risks and uncertainties include normal commissioning risks attendant
to large scale solar projects, delays or interruptions in construction,
deployment or activation; the timely availability of required permits and
authorizations for projects from governmental entities and third parties;
changes in applicable regulatory requirements and incentives for production of
solar power; and general business and economic conditions, including
seasonality of the industry, and other risks described in SunEdison's filings
with the United States Securities and Exchange Commission. These
forward-looking statements represent SunEdison's judgment as of the date of
this press release. SunEdison disclaims, however, any intent or obligation to
update these forward-looking statements.
SunEdison is a global leader in semiconductor and solar technology.
SunEdison's semiconductor business has been a pioneer in the design and
development of silicon wafer technologies for over 50 years. With R&D and
manufacturing facilities in the U.S., Europe and Asia, SunEdison enables the
next generation of high performance semiconductor devices. SunEdison's solar
business develops, finances, installs and operates distributed power plants,
delivering predictably priced solar energy and services for its commercial,
government and utility customers. SunEdison's common stock is listed on the
New York Stock Exchange under the symbol "SUNE." To learn more visit
Contact: Media: Dawn Brister, SunEdison, (650) 453-5685,
email@example.com or Aaron Perlut, Elasticity for SunEdison, (314)
800-7218, firstname.lastname@example.org; Investors/Analysts: Chris Chaney, SunEdison,
(636) 474-5226, email@example.com; City of New York: Marc La Vorgna / Jake
Goldman, (212) 788-2958
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