SunEdison, a leading global solar energy services provider, has
started construction on seven megawatts (MW) of photovoltaic (PV)
solar power plants in Spain with joint venture partners Sunergy and
Blue-Green Capital. The four ground-mount solar power systems will be
completed by the third quarter of 2008.
SunEdison provides equipment supply, financing, design and
construction oversight, while Blue-Green-Capital and Sunergy provide
local project development services.
The expansion of SunEdison into Spain underscores the company´s
ability to finance, build, operate and maintain utility-scale solar
projects worldwide. In December 2007, SunEdison completed an 8.22MW,
80-acre solar power system in Colorado to support substation loads for
Xcel Energy. To date, SunEdison has over 52 MW of hands-on
installation experience and over 31 MW currently under management.
According to Christophe Lovenich, managing partner of Sunergy,
"SunEdison has been an excellent joint venture partner with a strong
global infrastructure for financing, building, operating and
maintaining utility-scale PV systems. As this joint venture builds
these projects in Spain, we can work well with existing infrastructure
to make photovoltaic solar a significant part of the total energy
solution. SunEdison has a deep commitment to utility standards and
service, which assures that these and future solar plants will be
well-serviced over a lifetime."
Added Marc Ballandras, managing director of Blue-Green Capital,
"SunEdison has proven expertise in sophisticated utility-scale project
financing, key to our joint-venture. Furthermore, we have great faith
in our SunEdison and its capabilities for ongoing cost reductions of
solar installations, since they are a leader in a competitive US solar
market. Cost management is essential for future projects in Europe, as
subsidized tariffs get decreased and solar moves towards cost parity
with conventional energies. We are excited about working with
SunEdison as we help Spain meet its ambitious clean energy goals."
"As a leading global solar energy services provider, our business
model is predicated on finding and working with local partners,"
stated Tom Rainwater, CEO of SunEdison. "We are excited to be working
with local experts Blue-Green Capital and Sunergy on utility-scale
projects in Spain. These joint ventures underscore our commitment to
finding the best suppliers and partners at the local level to deliver
utility-scale PV solar, and to hiring locally to work on these large
capacity projects. SunEdison and our partners work very closely with
local communities that will be home to these clean power plants."
About SunEdison
Sun Edison LLC is North America´s largest solar energy services
provider and operates across a global marketplace. SunEdison provides
solar-generated energy at or below current retail utility rates to a
broad and diverse client base of commercial, municipal and utility
customers. For more information about SunEdison, please visit
www.sunedison.com
About Blue Green Capital
Blue-Green-Capital Ltd. is an independent project developer
providing distributed solar power generation solutions in markets such
as Spain, France and Greece. Blue-Green-Capital builds strong and
equitable partnerships with municipalities, local engineering firms
and professional sources of finance; so that clean energy becomes a
central piece of the infrastructure for our partner communities. For
more information, visit http://bg-capital.net/
About Sunergy
Sunergy is a Spanish development and EPC company, and currently
has over 20 MW of PV ground-mounted and rooftop projects under
development in Spain. Sunergy´s strength lies in developing strong
relationships with communities and local administrations in order to
maintain its strong growth trajectory, maximizing value for all
parties involved in the development process.
Note to Editors: There should be an umlaut over the "o" in
"Lovenich" above.
