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SunEdison And CAP Sign Agreement To Build 100MW Solar PV Plant In Chile

Once completed, the project will be managed by the SunEdison Renewable Operations Center (ROC).  The ROC provides round the clock monitoring and management services to a global portfolio of photovoltaic installations including those owned and operated by SunEdison and third parties.  

SunEdison ranked as one of the leading solar power providers in 2012. As of September 2012, the company had interconnected over 850MW of solar energy around the world and has the unique combination of upstream product innovation, project development and ongoing asset management and services. SunEdison has been operating in Latin America since 2010 with offices in Chile, Brazil and Mexico.

During the first year of operations the plant is expected to generate 270GWh of clean energy, avoiding the emission of over 135,000 tones of CO2/year into the atmosphere, which is the equivalent of withdrawing over 30,000 automobiles from circulation.

More information about SunEdison and MEMC: http://www.sunedison.com    ;  http://www.memc.com

Forward-Looking Statements

Certain matters discussed in this press release are forward-looking statements, including that the first phase of the project is expected be completed at the end of 2013, that the project will supply up to fifteen percent of CAP's energy supply, and that the plant is expected to generate 270GWh of clean energy.  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 normal commissioning risks attendant to large scale solar projects, delays or interruptions in construction, deployment or activation; the timely availability of required permits and authorizations for projects from governmental entities and third parties; 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 MEMC's filings with the United States Securities and Exchange Commission. These forward-looking statements represent MEMC's judgment as of the date of this press release. MEMC disclaims, however, any intent or obligation to update these forward-looking statements.

Stock quotes in this article: WFR 

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