SunEdison and SkyPower Join to Build 50 MW of Solar Power

BALTIMORE, MD, and TORONTO, Nov. 6 /CNW/ - SunEdison LLC, North America's
leading solar energy service provider, and SkyPower Corp., a leading
Canadian-based renewable energy developer, are pleased to announce the
completion of a joint venture agreement. SunEdison & SkyPower have joined
forces to develop, build, own and operate up to 50MW of solar photovoltaic
farms across Ontario. Construction of these solar photovoltaic farms in Canada
will drive immediate new job growth while generating carbon free renewable
energy. Common in the European market, only recently have solar photovoltaic
farms begun to see broader adoption in North America.
  SunEdison LLC is the only company to simplify solar by providing turn-key
solar energy services for utilities, government agencies, and commercial
enterprises. Under the turn-key services model, SunEdison finances, installs,
owns and operates photovoltaic power plants at the customer premise.
SunEdison's turn-key services model has been adopted by leading commercial,
government and utility customers such as Staples, the State of California and
Xcel Energy.
  SkyPower is Canada's leading independent renewable energy developer with
interests in over 27 wind and hydro projects at various stages of development
across 8 provinces, representing more than 7,000 MW of potential capacity.
SkyPower's strategy involves bringing a portfolio of renewable energy projects
from exploration phase through to construction and commercial operation and is
focused on being the largest owner and operator of renewable energy parks
across Canada. SkyPower also has over 1,000MW of wind energy under development
in India.
  Jigar Shah, CEO of SunEdison, said "This is an important cross-border
venture and represents a significant further expansion of SunEdison into the
Canadian market. We're excited that SunEdison and SkyPower are going to be
creating the largest solar photovoltaic farms in Ontario. Besides the
immediate new job growth from these projects, this opens the door for the
further development of renewable solar energy across Canada. We look forward
to the government's implementation of the standard offer so that project
development can begin."
  Kerry Adler, President & CEO of SkyPower Corp., commented: "We are
pleased to have established a joint venture with SunEdison, North America's
leading energy service provider for photovoltaic solar powered facilities. The
experience and expertise that SunEdison and their management team bring to
this joint venture will accelerate our plans and objectives to build North
America's largest solar photovoltaic farms. The Ontario government standard
offer contract provides a clear opportunity for these projects to become
realizable in the near term."
  Once the Ontario government's standard offer contracts are implemented,
the joint venture will be announcing the location of its first facility.