“We just entered the UK solar market this year and have already interconnected eight plants,” stated Jose Perez, president of SunEdison Europe, Africa, and Latin America. “This is a testament to our ability to enter a new market and efficiently execute projects that add to the company’s bottom line. We attribute much of our success to our ability to find highly-qualified local vendors to partner with. They provide localized expertise while helping us support the local job market.”
The completion of the new portfolios follows close on the heels of the recently signed deal between SunEdison and Statkraft — a 15-year power purchase agreement (PPA) that will see Statkraft purchase the renewable energy produced by SunEdison’s 88 MW (DC) portfolio of six utility-scale photovoltaic solar power plants currently under construction in the UK.
In related news, SunEdison’s growth is expected to see yet another surge this year, with 1150 MW worth of solar PV projects in the pipeline. The expected surge represents a 90% increase in the number of projects completed as compared to the previous year.
That’s significant growth for sure, and growth that will likely continue for some time, considering the company’s ever-growing project list. Most recently, the company began a study, along with the Saudi Arabian government, to determine the feasibility of a proposed $6.4 billion fully integrated solar PV manufacturing complex in the Middle Eastern country. With the completion of such a plant, the company will likely have maneuvered itself into an enviable position with regards to doing business with the extremely wealthy oil-producer.
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