SunEdison and CAP Sign Agreement to Build 100MW Solar PV Plant in Chile

   SunEdison and CAP Sign Agreement to Build 100MW Solar PV Plant in Chile

  PR Newswire

  BELMONT, California, January 31, 2013

BELMONT, California, January 31, 2013 /PRNewswire/ --

             Expected to be largest solar plant in Latin America

This project affirms SunEdison's leadership as a solar energy producer in
Chile and across Latin America. The first phase of the project is expected to
be completed by the end of 2013.

SunEdison, a leading global solar energy services provider and subsidiary of
MEMC Electronic Materials, Inc. (NYSE:WFR), has signed an agreement with the
Chilean mining and steel group CAP to construct what is expected to be the
largest solar photovoltaic power plant in Latin America and one of the largest
in the world. The plant is designed to have an installed capacity of 100MW
(DC) and will be located in the Atacama Desert of Chile. It is estimated that
the plant will produce as much as 15% of the mining group's energy needs.

 (Photo: http://photos.prnewswire.com/prnh/20130131/593880-a )

 (Photo: http://photos.prnewswire.com/prnh/20130131/593880-b )

CAP is the largest iron ore mining, steel producer and steel processor group
in Chile.

Pancho Pérez, SunEdison General Manager for EMEA, Latin America and North
Asia, states that "we are very pleased to add the CAP group to our customer
portfolio. We have worked to deliver an innovative solution to CAP designed to
reduce their energy costs while deriving up to 15 percent of their electricity
supply from clean energy." Perez added, "This initiative furthers our
leadership position as a solar power producer in Chile and across the rest of
Latin America."

According to Jaime Charles, CAP group CEO, "this agreement serves to reaffirm
CAP's commitment to innovation and sustainable development in Chile, by using
state-of-the-art technology to meet the renewable energy goals set by the
Chilean Government. SunEdison's track record and long-term commitment to
projects were key factors in selecting this company as our partner on this
initiative."

The plant will be built using SunEdison technology. More than 300,000
Silvantis™ monocrystalline silicon modules will be installed, which are made
from non-toxic, non-polluting material that can be recycled at the end of its
useful life, together with solar trackers designed by SunEdison, for which
steel produced by CAP is expected to be used.

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.

Contact: SunEdison, Dawn Brister (USA), +1-407-414-0526, dbrister@memc.com /
Virginia Amador (Spain), +34-915-242-670, vamador@sunedison.com
 
Press spacebar to pause and continue. Press esc to stop.