SunEdison and NORD/LB Close On Financing for Bruining Solar Project in Ontario

SunEdison and NORD/LB Close On Financing for Bruining Solar Project in Ontario 
TORONTO, July 31, 2014 /CNW/ -- SunEdison, a leading global solar technology 
manufacturer and provider of solar energy services, today announced that it 
has reached financial close with Norddeutsche Landesbank Girozentrale 
(NORD/LB) for an 18 megawatt (MW) DC solar power plant in Ontario. The project 
is set to start construction in July and be completed by the end of 2014, at 
which time it will be sold to Firelight Infrastructure Partners.  The facility 
is expected to generate approximately 20 gigawatt hours of clean energy in the 
first year, equivalent to the annual electricity consumption of over 1800 
homes, all of which will be fed directly into the energy grid. 
"The Bruining project demonstrates SunEdison's ability to develop solar 
projects that bring both environmental and economic benefits to the citizens 
of Ontario," said Michelle Chislett, Country Manager for SunEdison Canada. "By 
continuing to work with established capital partners like NORD/LB on projects 
like Bruining, we can help Ontario meet its clean energy goals." 
Through the completion of the Bruining project under the Feed in Tariff 
program, SunEdison is expanding clean generation capacity to provide Ontario 
with more renewable energy, while simultaneously creating and sustaining 
construction and manufacturing jobs in the local economy. This project builds 
upon the growing portfolio of projects by SunEdison and NORD/LB in Ontario, 
adding to a list that includes several completions in 2011 under the Renewable 
Energy Standard Offer Program. 
"Renewable energy is a mainstay of Nord/LB and we are proud to have been able 
to support SunEdison again in Ontario," said Andrew Robinson, Global Head of 
Structured Finance Originations at NORD/LB. 
To complete the project, NORD/LB is providing a construction loan of 
approximately $50.5 million CAD, and has committed to provide up to $63 
million CAD of long term debt.  White Canada Construction Inc. is responsible 
for the construction of the project. All materials for the project including 
solar panels, inverters and electrical equipment, will be assembled in 
Ontario. Once operational, the solar power plant will be managed by the 
SunEdison Renewable Operation Center (ROC), which provides global 24/7 asset 
management, monitoring and reporting services. 
About SunEdison 
SunEdison is a global leader in transforming how energy is generated, 
distributed and owned. SunEdison manufactures solar technology and develops, 
finances, installs and operates distributed solar power plants, delivering 
predictably priced electricity and services to its residential, commercial, 
government and utility customers.  SunEdison also provides 24/7 asset 
management, monitoring and reporting services for hundreds of solar systems 
worldwide via the company's Renewable Operation Center (ROC). SunEdison has 
offices in North America, Europe, Latin America, Africa, India and Asia. 
SunEdison's common stock is listed on the New York Stock Exchange under the 
symbol "SUNE."  To learn more visit www.sunedison.com. 
About NORD/LB 
With total assets of EUR 197 billion, NORD/LB Norddeutsche Landesbank is a 
leading German business bank. Its core business segments include corporate 
customers business, structured financing in the energy and infrastructure 
sector, ship and aircraft financing, commercial real estate financing (via 
Deutsche Hypothekenbank), capital market business and private and commercial 
customers. The bank has headquarters in Hanover, Braunschweig and Magdeburg 
and branches in Düsseldorf, Munich, Hamburg and Schwerin. With 
Braunschweigische Landessparkasse it has an extensive presence with more than 
100 branches. NORD/LB is represented outside of Germany by a subsidiary in 
Luxembourg and branches in London, New York, Singapore and Shanghai. 
Forward Looking Statements 
Certain matters discussed in this press release are forward-looking 
statements, including that the project is set to start construction in July 
and be completed by the end of 2014; the project will be sold to Firelight 
Infrastructure Partners; the facility is expected to generate approximately 20 
gigawatt hours of clean energy in the first year, equivalent to the annual 
electricity consumption of over 1800 homes, all of which will be fed directly 
into the energy grid; and while simultaneously creating and sustaining 
construction and manufacturing jobs in the local economy.  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 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 SunEdison's filings with the United States Securities and 
Exchange Commission. These forward-looking statements represent SunEdison's 
judgment as of the date of this press release. SunEdison disclaims, however, 
any intent or obligation to update these forward-looking statements.
 

SOURCE  SunEdison, Inc. 
Press Contacts:  Tory Carroll, SunEdison@grayling.com, +1 (619) 269-9518 or 
Investors/Analysts: Chris Chaney, SunEdison, cchaney@sunedison.com, +1 
636-474-5226 
CO: NORD/LB
ST: Canada
NI: OIL UTI ENV LOAN MNA  
-0- Jul/31/2014 11:00 GMT
 
 
Press spacebar to pause and continue. Press esc to stop.