By St. Louis Business Journal

SunEdison, an MEMC Electronic Materials' subsidiary that develops and operates solar plants, has moved its corporate headquarters and 200 employees from Beltsville, Mass., to Silicon Valley's Belmont.

The company specializes in both commercial and residential installations. Despite the rain and clouds, the event on Monday was attended by California Gov. Jerry Brown.

SunEdison is expected to add 300 more jobs. SunEdison finalized the move after Brown in June signed ABX1 15, which allows the stateâ¿¿s solar energy property tax exclusion to apply to sale-leaseback transactions.

Also on Monday, SunEdison sold solar energy plants in Italy and Spain to KGAL GmbH & Co. for an undisclosed sum but will continue to operate the factories.

St. Peters-based MEMC (NYSE: WFR), led by CEO Ahmad Chatila, makes wafers and related products for the semiconductor and solar industries, and develops solar power projects and provides solar energy services through its SunEdison unit. The companyâ¿¿s 2010 revenue totaled $2.2 billion.

Lisa Sibley writes for the Silicon Valley/San Jose Business Journal, an affiliated publication.

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