SUNEDISON TO ITALY

SunEdison Expands in Italy with 12 New Solar Parks; Completes 47 Million Euro Financing Deal
April 30, 2010 (Business Wire via MarketWatch)

"SunEdison, a division of MEMC Electronic Materials, Inc…plans to complete 12 one-megawatt (MW) solar energy plants in the province of Lecce, Apulia in Italy…[through] a 47-million-euro financing deal…

"SunEdison earlier announced a 72 MW photovoltaic solar plant to be built in northeastern Italy near the town of Rovigo as the largest solar energy plant in Europe…To develop the Apulia projects, SunEdison signed a 47 million euro financing deal with NORD LB - Norddeutsche Landesbank -- a leading bank in Germany…"

1.6 megawatt project operating since 2008 in Lleida, Spain. (click to enlarge)

"The SunEdison Lecce solar parks will generate power for more than 3,300 homes during their first year of operation while reducing carbon dioxide emissions that are equivalent to taking 2,000 cars off the road. Besides the dramatic environmental advantages, the new solar plants will also create construction and plant operating jobs in the region.

"Seven of the Lecce plants are already fully operational and were grid connected and sold in the first quarter of 2010. The other five plants are under construction and expected to be completed and operational by the third quarter. The 47-million-euro financing deal with Nord LB covers the majority of the one-megawatt plants…"