SunEdison and BlueWave Capital completed a 1.8-MW solar power plant constructed on a remediated EPA Superfund site in New Bedford, Massachusetts. The City of New Bedford is the owner and host of the site and will purchase the net metering credits generated from the system. SunEdison partnered with BlueWave Capital to develop the project, arranged construction financing and permanent financing for the project, and managed local partners to provide EPC services. In addition to owning and hosting the site, the City of New Bedford signed a 20-year net credit purchasing agreement with SunEdison.
