During Thursday’s Afternoon trade, Shares of Sunedison Inc (NYSE:SUNE), declined -0.90% to $7.74. The firm opened its current trade at $8.09, and as of now, it is trading at $7.76. The total volume traded for the day is 22.80M shares, as compared to its average daily volume of 29.72M shares. The stock is floating in a range of $7.62 - $8.30. The stock hold a the market capitalization of $2.43B
SunEdison, Inc. (SUNE), declared that it has accomplished construction on a 2 megawatt solar power plant for the Town of Elkton, Md.
The Mayor and Commissioners approved a 20-year power purchase agreement with SunEdison to buy the solar power generated by the system and estimate that it will save the town more than $2 million on electricity costs over the life of the agreement.
The solar power plant is predictable to generate enough energy each year to power more than 270 homes and will reduce carbon dioxide emissions by more than 4 million pounds—the equivalent of taking more than 400 cars off the road.
“Elkton is making a positive impact on the local community by choosing to power their civic buildings with solar,” said Steve Raeder, SunEdison’s managing director of its Eastern U.S. commercial and industrial business. “This new solar power plant will save the town taxpayer dollars and generate jobs and economic activity for the area.”
Robert J. Alt, Mayor of the Town of Elkton, installed the final solar panel in a ceremony on Wednesday and said: “This solar project is a major step forward in environmental preservation and energy savings for our town in more ways than one. It will reduce the carbon footprint for all of Elkton’s operations, and should save us about $2 million over the next 20 years!”
SunEdison is collaborating with Rockville, Md. based national solar energy company Standard Solar to construct the project.
SunEdison, Inc. develops, manufactures, and sells silicon wafers to the semiconductor industry. The company operates through three segments: Solar Energy, TerraForm Power, and Semiconductor Materials.
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