SunEdison Closes 98 MW of Solar Projects in Europe

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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."

Pancho Pérez, General Manager of SunEdison for EMEA,

Latin America

and

North Asia

, said:

"With a solid pipeline of projects in Europe, Latin America and

Middle East, we will expand our collaboration with our project partners in the

future, and continue SunEdison's growth world-wide."

Bulgaria

: 60 MWp plant

SunEdison closed on a transaction involving a 60MWp photovoltaic power plant

in

Bulgaria

with a consortium of investors comprised of an affiliate of First

Reserve Energy Infrastructure Fund, Crescent Capital, a Turkish private equity

firm focused on energy and backed by EBRD, EIB, and other institutional

investors, and ACWA Power, the

Saudi Arabia

based developer, owner and

operator of power generation and water desalination plants across the

Middle

East

and

Africa

. NOMAC, a subsidiary of ACWA Power, and SunEdison entered

into a long-term joint venture agreement to provide operation and

maintenance services to the power plant.

The photovoltaic power plant, located in Karadzhalovo (a village in the

municipality of Parvomay,

Bulgaria

) which was interconnected in March, was

financed through a €155 million non-recourse debt financing arrangement with

IFC, a member of the World Bank Group, Overseas Private Investment

Corporation (OPIC) and Unicredit.

Italy

: 13 MWp portfolio sold to Eoxis

SunEdison closed on a transaction involving a portfolio of 13 MWp PV projects in

Italy

with

United Kingdom

-based Eoxis. The portfolio consists of three projects

located in the region of

Campania

, which were interconnected in late 2011. The

assets will be monitored, maintained and operated by SunEdison under long-

term agreements.

In a parallel transaction, SunEdison closed, jointly with Eoxis, the financing of

two of the projects included in this portfolio, through a €24.9 million non-

recourse, long-term senior debt facility with Centrobanca (UBI Banca Group), a

Corporate and Investment Bank, with a well established project financing

activity on the Italian Market. This facility was partly guaranteed by SACE, the

insurance and financial group owned by the Italian Ministry of Economy and

Finance, which supports the development of domestic infrastructures and

renewable energy sources. The financing agreement included an additional

€1.7 million VAT facility.

Italy

: 25 MWp plant

SunEdison closed on a transaction involving a 25 MWp photovoltaic plant

located in Puglia,

Italy

, operating since the fourth quarter of 2011 with an

institutional investor.

In the first full year of operation, the total portfolio is expected to generate

sufficient energy to power over 33.000 homes in

Italy

and

Bulgaria

and avoid

CO

2

emissions equivalent of removing more than 10.000 cars from the road

every year.

About SunEdison:

http://www.sunedison.com

About MEMC:

http://www.memc.com

About First Reserve:

http://www.firstreserve.com.

About Crescent Capital:

http://www.crescent.com.tr.

About ACWA Power:

http://www.acwapower.com

About Eoxis:

http://www.eoxisenergy.com.

Contacts:

For MEMC and SunEdison

Media:

Bill Michalek

Director, Corporate Communications

[phone]

Investors/Analysts:

Chris Chaney

Director, Investor Relations

[phone]