MEMC Announces Creation of SunEdison Capital, Appoints Carlos Domenech as President

  MEMC Announces Creation of SunEdison Capital, Appoints Carlos Domenech as

PR Newswire

ST. PETERS, Mo., March 13, 2013

ST. PETERS, Mo., March 13, 2013 /PRNewswire/ --MEMC Electronic Materials,
Inc. (NYSE: WFR) announced today the formation of SunEdison Capital, a new
division within its SunEdison subsidiary, and has appointed Carlos Domenech to
the newly created position of President.

Building on SunEdison's track record of raising over five billion dollars of
project finance capital over the last five years, SunEdison Capital will focus
on aggregating capital to develop, build and finance the long-term ownership
of solar power plants. As part of this effort, the division will develop
internal and external capital funds and facilities, playing a key role in
financing the growth of SunEdison's solar business, including a current solar
project pipeline of more than 2.6 Gigawatts, in addition to acquiring new
projects. Utilizing the internal and external capital funds and facilities,
SunEdison Capital will lead project and corporate acquisitions and joint
venture initiatives for SunEdison's development division.

As part of SunEdison's capital raising initiatives, SunEdison has invested in
and helped to establish EverStream Energy Capital Management, an independent
private equity company focused on raising capital and investing in energy
transactions. Through his role in SunEdison Capital, Carlos Domenech will be
a Managing Partner of EverStream and will manage the company's investment in
and relationship with EverStream.

"One of the key drivers of growth and competitiveness in the solar industry
will be the aggregation of significant amounts of capital to finance and
acquire solar projects," said Ahmad Chatila, President and Chief Executive
Officer of MEMC. "Access to this capital, at low cost, will be a key
differentiator of solar competitiveness and the drive to solar grid parity.
Given Carlos' deep knowledge and experience in the solar field and proven
ability to develop innovative solar financing programs and grow our solar
development business to over $1.9 billion in sales over the years, he was the
clear choice to lead this new division."

Domenech most recently served as President of SunEdison and Executive Vice
President of MEMC, where he co-managed the company's Solar Energy business
unit, including solar project development, energy sales, business development,
pipeline generation, project finance and services. Prior to MEMC's acquisition
of SunEdison in 2009, Domenech was Chief Operating Officer of SunEdison. Prior
to joining SunEdison, he served in various leadership roles at General

In addition to his role as President of SunEdison Capital, Domenech will
remain an Executive VP of MEMC. SunEdison's regional division leaders,
responsible for solar project development and execution, will now report
directly to Chatila. 

About MEMC
MEMC is a global leader in semiconductor and solar technology. MEMC has been
a pioneer in the design and development of silicon wafer technologies for over
50 years. With R&D and manufacturing facilities in the U.S., Europe, and
Asia, MEMC enables the next generation of high performance semiconductor
devices and solar cells. Through its SunEdison subsidiary, MEMC is also a
developer of solar power projects and a worldwide leader in solar energy
services. MEMC's common stock is listed on the New York Stock Exchange under
the symbol "WFR." For more information about MEMC, please visit

SOURCE MEMC Electronic Materials, Inc.

Contact: Media: Bill Michalek, Director, Corporate Communications,
+1-636-474-5443; or Investors/Analysts: Chris Chaney, Director, Investor
Relations, +1-636-474-5226
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