SunEdison Closes Financing To Build 26 Megawatt (MW) Utility Solar Power Plant
October 23, 2014 7:31 AM ET
SunEdison continues partnership with Deutsche Bank Securities Inc. to bring clean energy to California
BELMONT, Calif., Oct. 23, 2014 /PRNewswire/ -- SunEdison (NYSE: SUNE), a leading solar technology manufacturer
and provider of solar energy services announced today that it has closed on construction financing underwritten
by Deutsche Bank Securities Inc. The funds will be used to construct the 26 megawatt (MW) DC Vega solar power plant
located in Merced County, CA.
"Vega is our latest utility-scale project in California and will be a state-of-the-art facility," said Ryan Bennett,
vice-president of project finance, SunEdison North America. "Once complete, SunEdison will have contributed over 158
MW DC of clean, cost effective utility-scale solar to the citizens of California in the last 15 months alone. This financing
continues our long standing history with Deutsche Bank's leading global project finance platform and is yet another
testament to the strength of the relationship."
Vega will be composed of approximately 78,700 SunEdison 330W (watt) monocrystalline SE-F330BYC photovoltaic
solar panels, which are built using the highest quality monocrystalline silicon wafers to ensure maximum reliability and
performance. The plant is designed to generate enough electricity to power over 3,500 homes per year. According to
the U.S. Environmental Protection Agency Greenhouse Gas Equivalencies Calculator, the Vega plant will offset the
CO2 emissions of over 41 million pounds of coal annually.
SunEdison is managing the construction of the plant, which is planned to be operational by Q1 2015. Once
operational, SunEdison will provide solar asset management services and 24/7 global monitoring, field dispatch and
reporting services through its Renewable Operation Center (ROC).
About SunEdison
SunEdison is a global leader in transforming how energy is generated, distributed and owned. SunEdison manufactures
solar technology and develops, finances, installs and operates distributed solar power plants, delivering predictably priced
electricity and services to its residential, commercial, government and utility consumers. SunEdison also provides 24/7
asset management, monitoring and reporting services for hundreds of solar systems worldwide via the company's
Renewable Operation Center (ROC). SunEdison has offices in North America, Europe, Latin America, Africa, India and
Asia. SunEdison's common stock is listed on the New York Stock Exchanges under the symbol "SUNE." To learn more
visit www.sunedison.com.
Forward Looking Statements
Certain matters discussed in this press release are forward-looking statements, including Vega will be composed of
approximately 78,700 SunEdison 330W (watt) monocrystalline SE-F330BYC photovoltaic solar panels, which are built
using the highest quality monocrystalline silicon wafers to ensure maximum reliability and performance; the plant is
designed to generate enough electricity to power over 3,500 homes per year; according to the U.S. Environmental
Protection Agency Greenhouse Gas Equivalencies Calculator, the Vega plant will offset the CO2 emissions of over 41
million pounds of coal annually; and SunEdison is managing the construction of the plant, which is planned to be
operational by Q1 2015. Such statements involve certain risks and uncertainties that could cause actual results to differ
materially from those in the forward-looking statements. Potential risks and uncertainties include changes in applicable
regulatory requirements and incentives for production of solar power; and general business and economic conditions,
including seasonality of the industry, and other risks described in SunEdison's filings with the United States Securities and
Exchange Commission. These forward-looking statements represent SunEdison's judgment as of the date of this press
release. SunEdison disclaims, however, any intent or obligation to update these forward-looking statements.
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SOURCE SunEdison, Inc.
Press Contacts: Tory Carroll, SunEdison, SunEdison@grayling.com, +1 (619) 269-9518; Investors/Analysts: R. Phelps
Morris, SunEdison, pmorris@sunedison.com, +1 (314) 770-7325
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