SunEdison, IFC, OPIC and UniCredit Complete ?155m Project Financing Arrangement for a 60.4 MWp Solar Power Plant in Bulgaria

Belmont, California (ots/PRNewswire) -

SunEdison, a leading worldwide solar energy services provider and
subsidiary of MEMC Electronic Materials, Inc. , today announced it
has completed a EUR155 million non-recourse debt financing
arrangement with IFC, a member of the World Bank Group, Overseas
Private Investment Corporation [http://www.google.es/url?sa=t&rct=j&
q=opic&source=web&cd=1&ved=0CC4QFjAA&url=http%3A%2F%2Fwww.opic.gov%2F
&ei=nPpYT6j-D8ix0QXQy5jLDQ&usg=AFQjCNEl7cgc4MeEMSIdM4ef19TsLDzvVQ ]
(OPIC) and UniCredit Group for SunEdison's 60.4MWp solar power plant
in Bulgaria. SunEdison expects to complete the sale of the equity of
this power plant in 2012.

(Photo: http://www.newscom.com/cgi-bin/prnh/20120329/523234 )

IFC provided EUR46.1 million and mobilized an additional EUR41.1
million from UniCredit through a syndication loan, while OPIC
provided a $50 million parallel loan. UniCredit Bulbank acted as the
Bulgarian local bank and provided a local currency VAT facility worth
approximately EUR30 million (58,7 million Bulgarian lev). The total
value of the debt for this transaction is approximately EUR155
million.

Construction of the 60.4 MWp / 50 MWac plant began in September
2011, and it was interconnected in March 2012. Located in
Karadzhalovo - a village in the municipality of Parvomay, about 160
km southeast of the capital city Sofia - the project covers an area
of 100 hectares (equivalent to 100 football fields) and uses more
than 214,000 solar modules. In the first full year of operation, the
system is expected to generate sufficient energy to power 27,000
homes and avoid 37,400 tons of CO2 - the equivalent of removing more
than 7,000 cars from the road.

Commenting on the agreement, Pancho Perez, General Manager of
SunEdison for Europe, Middle East, North Africa and Latin America
said: "We are very pleased to collaborate with IFC, OPIC and
UniCredit in this transaction. This project is a perfect example of
how the combination of state-of-the-art technology and SunEdison's
successful track record in the construction, operation and
maintenance of solar power plants creates sound investment
opportunities for our financing partners." He continued, "Our
long-term commitment to solar projects and our relentless focus on
energy production optimization are both key attributes that lead our
financing partners to trust in SunEdison."

Tomasz Telma, IFC Director for Europe and Central Asia, said,
"IFC's support for renewable energy is an important part of our work
to address climate change. The investment in Karadzhalavo is our
largest single solar financing to date and the fact that it was
completed in just four months is a testament to the strong working
relationship among the banks and SunEdison."

OPIC President and CEO Elizabeth Littlefield said, "We are
pleased to partner once again with SunEdison, as well as IFC and
UniCredit, to support a solar solution for Bulgaria's growing demand
for energy. These types of public-private collaborations - using
development financing to leverage private sector investment in
state-of-the-art technologies - point the way to ever-increasing use
of renewable energy sources in developing regions around the world, a
trend we are happy to support."

Gianni Franco Papa, Deputy CEO and Head of the CEE Division at
UniCredit Bank Austria added, "We are proud of having contributed to
the establishment of the SunEdison Karadzhalovo solar power plant,
which was advanced with our comprehensive expertise in arranging
complex loans. Together with SunEdison and global institutions IFC
and OPIC, we put this very important project in renewable energy on a
financially sound and competitive foundation."

About SunEdison: http://www.sunedison.com

About MEMC: http://www.memc.com

About IFC: http://www.ifc.org

About OPIC: http://www.opic.gov

About UniCredit:

UniCredit is a leading European bank with strong roots in 22
countries. Our overall global network embraces approximately 50
markets, with over 9,500 branches and more than 160.00 employees (as
of 30 September 2011). In the CEE region, UniCredit runs the largest
international banking network with more than 3,900 branches. The
Group operates in Austria, Azerbaijan, Bosnia and Herzegovina,
Bulgaria, Croatia, the Czech Republic, Estonia, Germany, Hungary,
Italy, Latvia, Lithuania, Kazakhstan, Kyrgyzstan, Poland, Romania,
Russia, Serbia, Slovakia, Slovenia, Turkey and Ukraine.

For more information about UniCredit please visit:
http://www.unicreditgroup.eu

Forward-Looking Statements

Certain matters discussed in this press release are
forward-looking statements; including that SunEdison expects to
complete the sale of the equity of this power plant in 2012; that the
60.4 MW system is expected to expected to generate sufficient energy
to power 27,400 homes and avoid 37,400 tons of CO2 - the equivalent
of removing more than 7,000 cars from the road. 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 concentrated
project development risks related to large scale solar projects; the
availability of attractive project finance or other capital,
including equity capital; 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. These
forward-looking statements represent SunEdison's judgment as of the
date of this release. SunEdison disclaims, however, any intent or
obligation to update these forward-looking statements.

ots Originaltext: SunEdison
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