Renewable energy development company SunEdison announced a power purchase agreement with Bloomberg.
Under the terms of the agreement, SunEdison will power Bloomberg’s Rockland County, New York-based data center with 2.9 megawatts (MW) DC of solar energy.
“Data centers consume enormous amounts of energy and that can mean sky-high energy bills, but SunEdison solar solutions can help companies quickly reign in their energy costs,” said Steve Raeder, SunEdison’s regional general manager of its Eastern U.S. solar business.
SunEdison will supply Bloomberg with solar power through a state-wide program called “remote net metering” which allows customers to enjoy the savings and environmental benefits of solar without needing to install a system on site.
Instead, the solar system is built in the same region as the customer, and clean renewable energy is delivered over the existing power lines.
The 2.9 MW solar power plant is expected to offset more than 5 percent of the data center’s electricity usage.
Additionally, the project is expected to reduce carbon dioxide emissions by more than 11,600 metric tons over the period of the agreement.
“Bloomberg is constantly looking for opportunities to expand its portfolio of renewable energy projects that make good business sense–projects that reduce costs, diversify energy supply and have a positive environmental impact,” said Curtis Ravenel, Bloomberg’s global head of Sustainable Business and Finance.
Ravenel added that Bloomberg projects to save more than $2 million over the life of the agreement versus traditional utility prices.
Construction of the solar power plant is targeted for completion in the fourth quarter of 2016. Operation and maintenance of the solar power plant will be performed by SunEdison Services.