Establishes Strong Foothold in Growing U.K. Solar Market
BELMONT, Calif. and LONDON, May 6, 2014 -- SunEdison (NYSE: SUNE), a leading solar technology manufacturer and provider of solar energy services today announced it has completed construction of a 117 MW (megawatt) DC (direct current) portfolio of utility-scale photovoltaic (PV) solar power plants across the United Kingdom. The portfolio is comprised of eight separate solar power plants.
"We just entered the U.K. solar market this year and have already interconnected eight plants," said Jose Perez, president of SunEdison Europe, Africa and Latin America. "This is a testament to our ability to enter a new market and efficiently execute projects that add to the company's bottom line. We attribute much of our success to our ability to find highly-qualified local vendors to partner with. They provide localized expertise while helping us support the local job market."
SunEdison recently signed a 15-year power purchase agreement (PPA) with Statkraft, a market leading purchaser of independently generated electricity in the U.K. Under the terms of the PPA, Statkraft will purchase the renewable energy generated from SunEdison's 88 MW DC portfolio of six utility-scale photovoltaic solar power plants currently under construction throughout the U.K.
SunEdison is a global leader in semiconductor and solar technology. SunEdison's semiconductor business has been a pioneer in the design and development of silicon wafer technologies for over 50 years. With R&D and manufacturing facilities in the U.S., Europe and Asia, SunEdison enables the next generation of high performance semiconductor devices. SunEdison's solar business develops, finances, installs and operates distributed power plants, delivering predictably priced solar energy and services for its commercial, government and utility customers. SunEdison's common stock is listed on the New York Stock Exchange under the symbol "SUNE." To learn more visit www.sunedison.com.