SunEdison Closes 98 MW of Solar Projects in Europe

SunEdison Closes 98 MW of Solar Projects in Europe PR Newswire BELMONT, California, July 9, 2012 BELMONT, California, July 9, 2012 /PRNewswire/ -- SunEdison demonstrates its ability to deploy high value solar assets in Europe and to structure complex transactions attracting world class financing partners Sun Edison LLC, a leading worldwide solar energy services provider and a subsidiary of MEMC Electronic Materials (NYSE:WFR), today provided additional details on the solar project closings announced last week. The company closed three transactions involving approximately 98 megawatts (MWp) of photovoltaic (PV) power plants in Europe.during the second quarter. The transactions include the sale of a 60MWp power plant in Bulgaria to a consortium of investors consisting of an affiliate of First Reserve Energy Infrastructure Fund, Crescent Capital and ACWA Power; a 13 MWp portfolio of projects in Italy to Eoxis; and a 25MWp power plant in Italy to an institutional investor. Carlos Domenech, President of SunEdison, commented: "These transactions are a perfect example of SunEdison's continued ability to structure and execute complex transactions, while aligning world class investors who recognize the growing role solar plays in fulfilling today's energy needs worldwide.