Gov. Brown to Speak in Belmont on Monday

Thanks to legislation passed in June, Maryland-based SunEdison will relocate its corporate headquarters to Belmont, and Monday the author of that bill, Assemblyman Jerry Hill, D-San Mateo, will join Gov. Jerry Brown to announce the relocation. SunEdison president, Carlos Domenech and others will also be present.

The announcement will be made at 11:30 a.m. at the new SunEdison headquarters, 600 Clipper Dr. in Belmont.

Hill’s Assembly Bill ABX1 15 clarified the types of financing mechanisms that can be used to reduce the costs of solar installations for homeowners and businesses, thus eliminating the greatest barrier in the relocation. Gov. Brown approved the legislation in June of this year.

SunEdison first contacted Hill in 2010 about the potential move.

 “I’m thrilled that the collaborative efforts of state government and the City of Belmont resulted in SunEdison’s relocation which will create hundreds of local jobs,” Hill said. 

On Feb. 8, the Belmont City Council, acting as the Redevelopment Agency, passed a resolution waiving $106,400 in construction and building permit fees for SunEdison.

In a June staff report, City staff reported that SunEdison’s move to Belmont would be beneficial in that it would further Belmont’s economic development strategy to attract new businesses, as well as support sustainable initiatives.