The 1.01 Megawatt Solar System Provides Power Equal to that Used by More Than 100 Homes AnnuallyHANOVER, Md., Jan 06, 2010 (BUSINESS WIRE) -- Staples (NASDAQ: SPLS), the world's largest office products company and
SunEdison, North America's largest solar energy services provider and a
subsidiary of MEMC Electronic Materials (NYSE: WFR), hosted a dedication
ceremony today to unveil the largest single rooftop solar power
installation in Maryland at Staples' 200,200 square foot fulfillment
center in Hanover. The 1.01 megawatt solar installation covers nearly
175,000 square feet of roof space, larger than three football fields.
The environmental savings associated with the system will offset more
than 43 million pounds of carbon dioxide (CO2) over 20 years, equivalent
to removing CO2 produced by more than 4,200 automobiles driving 12,000
miles per year. The zero-emission, silent photovoltaic system will
generate approximately 1.2 million kilowatt hours (kWh) of electricity
per year, and 21 million kWh during the initial 20 years of the project.
The solar installation was financed, built and maintained under a power
purchase agreement (PPA) with SunEdison. Under the PPA, Staples will
purchase the electricity produced for the term of the contract.
"The solar power system installed at our Hanover fulfillment center is
the latest example of Staples' ongoing commitment to environmental
leadership," said Mark Buckley, vice president of environmental affairs
for Staples. "Through our relationship with solar services provider
SunEdison, we are able to purchase solar energy from our rooftop at a
rate below or equal to the cost of electricity from the grid. This
reduces our operating costs while freeing up more electricity during
peak times for use by local homes and businesses."
"We are proud to be a long time partner of Staples in providing
economical solar solutions to meet their energy needs and commitment to
the environment," said Carlos Domenech, President of SunEdison.
"SunEdison continues to be an industry leader by combining cutting edge
technologies with our unique project finance capabilities to enable
large-scale development of solar."
"EPA applauds Staples for initiating this solar energy project to power
its Hanover facility," said Shawn M. Garvin, administrator for the EPA's
mid-Atlantic region. "I hope this work inspires other companies to use
energy in a manner that does not contribute to global climate change.
Staples is demonstrating the kind of leadership that is needed to reduce
greenhouse gases and move our nation into a clean energy future."
For more information on Staples' environmental initiatives, please visit http://www.staples.com/environment.
Staples, the world's largest office products company, is committed to
making it easy for customers to buy a wide range of office products,
including supplies, technology, furniture, and business services. With
2008 sales of $23 billion and 91,000 associates worldwide, Staples
serves businesses of all sizes and consumers in 27 countries throughout
North and South America, Europe, Asia and Australia. In July 2008,
Staples acquired Corporate Express, one of the world's leading suppliers
of office products to businesses and institutions. Staples invented the
office superstore concept in 1986 and is headquartered outside Boston.
More information about Staples (Nasdaq: SPLS) is available at www.staples.com.
SunEdison is North America's largest solar energy services provider. The
company finances, installs and operates distributed power plants using
proven photovoltaic technologies, delivering fully managed, predictably
priced solar energy services for its commercial, government and utility
customers. In 2008, SunEdison delivered more kilowatt hours (kWh) of
energy than any other solar services provider in North America. For more
information about SunEdison, please visit www.sunedison.com.
MEMC is a global leader in the manufacture and sale of wafers and
related intermediate products to the semiconductor and solar industries.
MEMC has been a pioneer in the design and development of wafer
technologies over the past 50 years. With R&D and manufacturing
facilities in the U.S., Europe and Asia, MEMC enables the next
generation of high performance semiconductor devices and solar cells.
With the acquisition of SunEdison, MEMC is now a developer of solar
power projects and North America's largest solar energy services
MEMC's common stock is listed on the New York Stock Exchange under the
symbol "WFR" and is included in the S&P 500 Index. For more information
about MEMC, please visit www.memc.com.
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SOURCE: Staples, Inc.
Mark Crowley, 508-253-0767
Brad Oswald, 443-909-7200
MEMC Electronic Materials
Bill Michalek, 636-474-5443