SunEdison closes CA$115 million to build 33 MW of utility solar projects In Ontario

BELMONT, USA & TORONTO, CANADA: SunEdison has closed on financing for two solar power plants to be built in Ontario, Canada. Deutsche Bank Securities Inc. is providing construction financing. The plants will provide employment for skilled manufacturing and construction workers in Ontario.

SunEdison will manage the construction of the two plants, which are both planned to be operational by the end of 2014. The solar power plants will be composed of over 100,000 SunEdison Silvantis PV solar modules, which will be manufactured in the province of Ontario.

Silvantis modules are built using SunEdison polysilicon and wafers to ensure maximum reliability and performance. Once operational, the plants will be managed by the SunEdison Renewable Operation Center (ROC), which provides global 24/7 asset management, monitoring, field dispatch and reporting services.

"The Green Energy Act continues to benefit Ontarians by creating jobs and increasing renewable energy in Ontario," said Michael Dilworth, VP and country manager for SunEdison Canada. "We have over 130 MW DC of solar energy operating in Ontario today, and are pleased to add these two new utility-scale projects to our portfolio as part of the continued growth of our Canada business."