SunEdison to manage solar for real estate company

June 23, 2010   by PLANT STAFF

TORONTO: SunEdison will develop and build industrial and retail roof-top solar photovoltaic (PV) projects for LaSalle Investment Management, a global real estate investment management company based in Ontario.

SunEdison, a solar power services company wigth Canadian headquarters in Toronto, ??? and a division of MEMC Electronic Materials Inc., will finance, build, own, operate, monitor and maintain photovoltaic solar energy systems with capacity totalling 2.1 megawatts at LaSalle facilities, primarily in the Greater Toronto region.

Ontario Power Authority (OPA) will purchase the energy produced under the terms of Ontario’s Feed-in Tariff Program (FIT) and LaSalle will receive lease revenue for roof-top space allocated to the projects, without any upfront capital equipment costs.

Eight roof-top PV systems will be launched starting in the late summer and most will be completed buy the end of the year.

SunEdison, a division of MEMC Electronic Materials Inc., (a global manufacturer of wafers and related intermediate products to the semiconductor and solar industries) says over a 20-year period, the systems will generate sufficient energy to avoid emitting an estimated 9.9 million kilograms of CO2 into the atmosphere.

Most of the projects will be located in Burlington, Toronto and Woodbridge, with additional systems in Lindsay and Kanata.

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