SunEdison (WFR) Leasing Space From Weingarten Realty Investors

SunEdison, a subsidiary of MEMC Electronic Materials, just announced a new agreement with Weingarten Realty Investors to lease space on their unused rooftops for up to 10 MW worth of PV solar installations. Weingarten Realty will then purchase the energy produced by the systems at below-retail rates, or will allow their tenants to do so.

In a press release, Bill Goeke, Senior Vice President, Property Management of Weingarten Realty Investors, commented on the news:

“This program with SunEdison will provide Weingarten and its tenants with predictable energy costs. SunEdison brings proven expertise in structuring, financing and operating large-scale solar projects. Having green buildings is obviously good for the environment, and we expect the rooftop PV systems to become a significant amenity we will use in marketing our properties.”

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