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Meldungen 24.06.2015

SunEdison: Solar Project in India

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SunEdison, Inc. (NYSE: SUNE), the world's largest renewable energy development company, announced the completion of a 1-megawatt DC canal top solar power plant built for Krishna Bhagya Jala Nigam Ltd (KBJNL), the Karnataka government agency responsible for the Krishna River and Dam.

Pashupathy Gopalan, president of SunEdison Asia-Pacific said: "SunEdison is extremely proud to successfully install and commission this canal top system on the banks of the Krishna River for the Karnataka government. It is wonderful to see other state governments embrace this innovative use of solar technology, which was pioneered by SunEdison for the Narmada Canal Top Project in Gujarat in 2012."

As the name implies, canal top solar systems are built over water canals. This type of system provides several unique benefits. While solar generated electricity saves large amounts of water compared to fossil fuel generated electricity, canal top systems save even more water by shielding the canals from the direct sun and hence reducing evaporation. Additionally, canal top systems free up the surrounding land for other uses. Finally, canal top systems operate at cooler temperatures than conventional land based systems and generate more energy as a result.

Mr. Gopalan added: "We thank the Karnataka Government, the Honourable Chief Minister Shri Siddaramaiah, the Honourable Energy Minister Shri D. K. Shivakumar and the KBJNL authorities for their support in this project. We also thank the local community for their support during the project execution."

About SunEdison (www.SunEdison.com)

SunEdison is the world's largest renewable energy development company and is transforming the way energy is generated, distributed, and owned around the globe. The company develops, finances, installs, owns and operates renewable power plants, delivering predictably priced electricity to its residential, commercial, government and utility customers. SunEdison is one of the world's largest renewable energy asset managers and provides customers with asset management, operations and maintenance, monitoring and reporting services. Corporate headquarters are in the United States with additional offices and technology manufacturing around the world. SunEdison's common stock is listed on the New York Stock Exchange under the symbol "SUNE."

 
SOURCE SunEdison, Inc.

India, Asia: Tarur S Shankar, SunEdison, tshankar@sunedison.com, +91 (0)9940105622; Investors/Analysts: R. Phelps Morris, SunEdison, pmorris@SunEdison.com, +1 (314) 770-7325

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