After five years in the US energy market and two years after announcing its plans to sell off its US solar-power business, Meridian Energy finalized its sale of its huge, 20-hectare solar plant.
California-based SunEdison purchased Calrenew-1 for an undisclosed amount. Guy Waipara, Meridian general manager of external relations said that the figures will appear in this year’s annual report. SunEdison manufactures and sells photovoltaic energy products.
Waipara said that despite expenses, including a $24 million price-tag on the solar plant, Meridian still came out “comfortably ahead-but we have not made a lot of money. We have done all right.”
Expenses were recouped, and then some, through government subsidies, revenues and the sale price to SunEdison.
Meridian has a total of 278,000 power customers, with a growing market in New Zealand. Last year the number of residential solar panel customers rose from 1000 to 1700 in New Zealand.
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