Monday, April 13, 2009

SunEdison Activates a Record 9.7 megawatts/86 PV Energy Systems in 2008

BELTSVILLE, Md. -- April 13 2009 -- SunEdison, North America’s largest solar energy services provider, today announced that it activated a record 86 photovoltaic (PV) solar energy systems in the U.S. during 2008 with a total capacity of 25.5 MW (DC). In the fourth quarter of 2008 alone, the company activated 37 PV systems in the United States for a combined capacity of 9.7 MW (DC).

Key to these activations was financing from Wells Fargo & Company (NYSE: WFC), which announced in March that it had provided $250 million in equity capital to solar energy projects since fall of 2007. More than half of this amount was for PV solar energy systems developed by SunEdison.

ARTICLE CONTINUES AT INVESTORIDEAS.COM

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