And, the company will consolidate its Solar Materials and SunEdison businesses into a single unit.
FORBES: MEMC Electronic Materials Announces Restructuring Efforts
To pay for the installations, SunEdison and MMA Renewable Ventures raise funds from investment banks and mid-market banks.
SunEdison of Baltimore and MMA Renewable Ventures of San Francisco are two companies that have pushed the PPA further into the mainstream.
In late April, SunEdison inked a deal to put solar panels up at 24 Kohl's department stores in California through a PPA model.
With the move, Kohl's could save tens of thousands of dollars a year in electricity costs, figures Jigar Shah, SunEdison founder and chief strategy officer.
As a result, says Torres, SunEdison and others offering PPAs are shifting their efforts to other states, such as New Jersey, which has more generous rebates.
In May, Wal-Mart Stores chose to enter into a solar pilot project through a PPA model with SunEdison at four of its stores in California and four in Hawaii.
In late April, SunEdison inked a deal to put solar panels up at 24 Kohl's (nyse: KSS - news - people ) department stores in California through a PPA model.
In May, Wal-Mart Stores (nyse: WMT - news - people ) chose to enter into a solar pilot project through a PPA model with SunEdison at four of its stores in California and four in Hawaii.
Whole Foods, another SunEdison customer, installed solar at some of its New Jersey stores in 2004 through a PPA. Because New Jersey electricity rates have risen significantly, SunEdison's Shah says Whole Foods is now paying about 25% less for its electricity.
China Sunergy's announcement comes two days after EMCORE penned a large supply deal (See "EMCORE Warms Up To Solar Energy") and four days after Energy Conversion won an important deal to supply solar panels to SunEdison (See "Energy Conversion Wins A Convert").
China Sunergy's announcement comes two days after EMCORE (nasdaq: EMKR - news - people ) penned a large supply deal (See "EMCORE Warms Up To Solar Energy") and four days after Energy Conversion (nasdaq: ENER - news - people ) won an important deal to supply solar panels to SunEdison (See "Energy Conversion Wins A Convert").
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