SunEdison - IPO-Kandidat (zumindest für mich) - 500 Beiträge pro Seite

[meinolf67]

Ist in den USA einer der größten Projektbetreiber und PPA-Anbieter.

Auslöser für den jetzt eingerichteten Thread ist die Tatsache, daß man jetzt auch nach Europa kommt:

SunEdison Acquires Business Institute Solar Strategy

File image.
by Staff Writers
Hamburg, Germany (SPX) Jan 26, 2009
SunEdison has announced the acquisition of Business Institute Solar Strategy GmbH (BISS), with offices in Hamburg, Germany and Brescia, Italy.

The transaction provides SunEdison with 38 MW of solar photovoltaic (PV) projects under development in Italy and Spain and direct access to 300 MW of project opportunities in Europe.

SunEdison has more than 68 MW of solar under management globally, with 9 MW of PV systems in Spain. Terms of the deal and projects were not disclosed.

In addition, SunEdison named BISS managing director Gerwin Dreesmann, as General Manager, Europe.

"The BISS acquisition, which provides SunEdison direct access to 300 MW of project opportunities, accelerates our European expansion. Gerwin and the BISS team have an excellent reputation in Germany and unparalleled insight into the European market. They share our rigorous focus on quality assurance in system execution and delivery of solar services. I look forward to working closely with Gerwin as he oversees our operations in Europe," noted Carlos Domenech, COO and CFO, SunEdison.

The company has offices in the United States, Canada, Spain, Italy, France and Germany.

"We have worked closely with SunEdison since early 2008 in establishing European operations. I am proud to join the SunEdison global team and bring this successful cooperation to the next level. SunEdison pioneered the solar energy services model in North America and continues to create innovations in financing, design and construction, and long-term operation of PV systems. This will allow us to bring these innovations and our industry-leading quality assurance standards to current and future customers throughout Europe," said Dr. Dreesmann.

BISS was founded in 2007 by Dr. Dreesmann, a renowned expert in the analysis, delivery and operation of maximum-performance photovoltaic energy systems. Prior to launching BISS, Dreesmann, a 15-year energy industry veteran, previously served as managing director for SunTechnics and BP Solar.

[meinolf67]

zur Erinnerung:

15.08.2008 22:03
SunEdison and Q-Cells International USA Sign 800 MW Development Agreement

SunEdison, North America's largest solar energy services provider, today announced that the company has entered into a 5-year, 800 MW development agreement in North America with Q-Cells International USA Corporation.

Under the development agreement, Q-Cells will dedicate solar modules to meet total capacity of up to 800 MW. In addition, the companies will jointly develop and operate PV solar power systems in North America.

”This development agreement uniquely positions SunEdison to bring solar to a meaningful scale for the industry and our customers,“ noted Carlos Domenech, Chief Operating Officer for SunEdison. ”As a pioneer of the solar energy services model, we are pleased to bring Q-Cells' world-class solar technology to the market in the context of a fully managed, long-term solution.“

Q-Cells International USA Corp. is a subsidiary of Q-Cells AG (News/Aktienkurs) (QCE: WKN 555866), the largest manufacturer of solar cells worldwide.

[meinolf67]

aber auxh:

SunEdison Has Layoffs Too; About 50, Says Former Employee January 10, 2009 at 2:54 PM

After posting a story about Optisolar, the solar panel maker that also wants to build and run utility-scale power parks, laying off 300 employees (about half of its staff) we received a message from a former employee of SunEdison, the power provider based in the East.

In December, the company laid off around 50 to 65 employees, according to the source. The source is good in this situation — he’s one of the employees who was laid off. He said the company officially told him the cuts came to around 50 people, but the company grapevine put it closer to 65.

Because SunEdison’s business is governed by signing big power providing agreements, it is affected by the credit crunch. After all, the company doesn’t sell equipment to customers. It only sells power. SunEdison (or its partners) thus have to put up the capital.

We will try to get more from the company next week. The former employee, by the way, added that SunEdison treated him fairly in the process and that he does not harbor any ill will.

Alternative energy remains one of the few, if only, segments in the tech economy still attracting investors, but the tough times are still hitting it hard. Besides the layoffs at Optisolar and SunEdison, Pacific Ethanol temporarily shut down its 40 million gallon a year plant in Madera, Calif.

[meinolf67]

SunEdison is now operating in France

The American operator, leader in photovoltaic solar installations, is launching its activities in
France with the opening of a branch office in Paris

Paris, February 20th 2009- SunEdison, North America’s leading photovoltaic solar services provider with
over 80 MW installed worldwide, has consolidated its European presence by establishing a new branch
in Paris. The company also has branch offices in USA, Canada, Spain, Italy, France and Germany.

Contrary to the current business trend of cost cutting and job reduction, SunEdison is set to become a
new economic force with the creation of employment and added value in France. SunEdison has created
over 50 new jobs in Europe since 2008 and has a plan to increase to 80 by the end of 2009 in Europe.

SunEdison has based its development in France on local partners, having made a positive start to its
operations with the signature of two important collaboration contracts with leading companies in the
national sector. “BISS's recent acquisition opens the door to a potential project that amounts up to 300
MW. The French partnerships will enable us to consolidate our project portfolio in Europe” Dr. Gerwin
Dreesmann, General Manager of SunEdison Europe was gratified to point out. The main objective is to
gain a position as leader in the architectural integration of photovoltaic installations.

The brand which has forged long experience and unique know-how on photovoltaic building integration in
the USA and which has an important portfolio of clients, including brand leaders such as Wal-Mart,
Staples and even the Government of California, has developed a range of solutions adapted to meet the
needs of French clients.

 Property and Real Estate companies
 Department store and supermarket owners or industrial and logistic businesses.
 Government
 Farmers

A business model 100% managed by SunEdison
Since it was founded in the USA in 2003, SunEdison has developed, financed, built and operated solar
installations from roof to ground, using a business model which has simplified photovoltaic solar energy,
and generates profits for developers, installers, manufacturers, government, utilities and end consumers.
SunEdison has simplified access to solar energy, by developing a business model which makes
photovoltaic energy an accessible resource. Its mission is to make solar energy a viable alternative to
traditional energy sources.

In numerous European countries where the law guarantees a repurchase tariff for photovoltaic electricity
production in the long term, it will be project developers, installers, suppliers and roofing and land owners
who will benefit from this business model.

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4. März 2009
SunEdison Closes US $20M in Project Financing
Maryland, United States [RenewableEnergyWorld.com]

SunEdison has closed US $20 million in project financing with Union Bank N.A. The funds provide initial financing for two projects, including a 1.7-megawatt (MW) ground mount installation hosted by the City of Rifle, Colorado.

“Despite a contraction in the U.S. tax equity market, SunEdison’s leading investor relationships have allowed us to develop financing innovations that bring immediate tangible value for our current and new investment partners. These improved structures also allow us to more efficiently scale our U.S. tax equity financing and serve a larger group of customers,” said Carlos Domenech, COO and CFO of SunEdison.

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SunEdison Closes $20 Million in Project Financing with Union Bank
Project Financing to Support PV Systems with a Combined Capacity of 2.8 MW
BELTSVILLE, Md.--(BUSINESS WIRE)—March 3, 2009—SunEdison, North America’s largest
solar energy services provider, today announced it has closed $20 million in project financing
with Union Bank, N.A.
Closed in February, the funds provide initial financing on two projects, including a 1.7 MW
ground mount installation hosted by the City of Rifle, Colorado. The photovoltaic solar energy
systems were built with no upfront costs to the host organizations. SunEdison financed, built
and operates systems under long-term solar power services agreements.
“Despite a contraction in the U.S. tax equity market, SunEdison’s leading investor relationships
have allowed us to develop financing innovations that bring immediate tangible value for our
current and new investment partners. These improved structures also allow us to more
efficiently scale our U.S. tax equity financing and serve a larger group of customers,” noted
Carlos Domenech, COO and CFO of SunEdison.
Lance Markowitz, Senior Vice President at Union Bank, N.A. noted, “We are pleased to
complete our second deal with SunEdison. They are a proven leader in the solar PV market
developing and building quality projects.”
Union Bank, N.A. also financed SunEdison's 8.2 MW utility-scale photovoltaic solar energy
system in Alamosa, Colorado.
Due to the company’s advanced monitoring and services platform, SunEdison’s portfolio of solar
assets performed at over 100 percent of expected output in 2008, generating stable, low risk
cash flows for investors.

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SunEdison surpasses 100 GWh of delivered PV solar energy generation PDF Print E-mail


Posted by Debasish Choudhury on 01 April 2009 at 08:23

Views: 18

Recommended by: None

Published in: News, News

SunEdison, North America's largest solar energy services provider, today announced it is the first owner/operator in the United States to surpass 100 GWh in delivered PV solar electricity generation. SunEdison's Renewable Operation Center (ROC: 7.91, 0, 0%) tracked the event as the ticker rolled over the 100 GWh milestone at 11:06 am ET on March 24, five years after the company activated its first commercial-scale PV solar energy system.

SunEdison's solar fleet of 221 solar power plants has avoided more than 124 million lbs of CO2, the same amount of emissions that would be produced by driving from New York City to Los Angeles 43,101 times. One hundred GWh is enough to meet the annual energy needs for more than 13,700 California residents.

"This 100 GWh milestone reflects our commitment to service delivery and investments in advanced control and monitoring technologies," said Mark Culpepper, Chief Technology Officer of SunEdison. "As the country increases investment in renewable energy, the solar industry must show results in a meaningful, transparent way."

Mark Buckley, Vice President of Environmental Affairs, Staples, Inc., noted, "The 24 systems hosted by Staples have generated more than 8 million kWh of power. Not only does SunEdison bring us electricity at predictable rates, we're able to make better usage decisions and make progress toward our short- and long-term carbon reduction goals."

SunEdison's Renewable Operations Center (ROC: 7.91, 0, 0%), located at the historic McClellan Air Force base in McClellan, California, is a key part of the company's services architecture. The ROC monitors the energy and power output of the SunEdison solar portfolio; analyzes and remotely diagnoses system performance; and then dispatches crews for rapid field service.

The SunEdison fleet operated at over 100 percent of expected generation in 2008.

For more information about SunEdison, please visit www.sunedison.com.

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Antwort auf Beitrag Nr.: 36.903.916 von R-BgO am 02.04.09 10:34:07

http://www.pv-tech.org/news/_a/sunedison_and_alike_poised_to…

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SunEdison signs REC Solar as first channel partner


Posted by Debasish Choudhury on 23 April 2009 at 11:14

SunEdison today announced that national integrator REC Solar has been signed as the company’s first channel partner. SunEdison’s solar channel partner program provides national installers and integrators increased project financing capabilities, including the ability to deliver projects via a solar power purchase agreement. In addition, for photovoltaic solar energy systems developed under the program, SunEdison will provide service, maintenance and monitoring through the company’s advanced control and management technologies.

“We are excited to partner with SunEdison and to benefit from the expertise they bring in structuring and financing large scale solar projects. Together, we can help government agencies, utilities and commercial customers generate clean solar energy with no upfront capital costs while creating jobs in our local communities,” said Matthew Woods, Vice President of Sales and Business Development at REC Solar.

REC Solar is based in San Luis Obispo, California.

Brian Jacolick, GM Americas, SunEdison noted, “We’re building long-term sustainable partnerships through our solar channel partners program. This program will result in more systems installed – and thus more local jobs for the industry and for our partners. Our partners bring the on-the-ground expertise and share our commitment to deliver PV solar energy systems that meet rigorous engineering and construction standards.”

Cory Vaughan, Director Channel Sales, SunEdison noted, “Customers have the best of both worlds. They benefit from our partners’ expertise and will realize more financial and energy savings through SunEdison’s approach to long-term solar energy system management.”

Solar channel partners must exceed two years of installation experience on commercial-scale systems and meet industry-standard design and construction requirements.

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National Semiconductor and SunEdison Initiate Trials to Optimize Output of Solar Arrays

May 28, 2009 - National Semiconductor Corp. (NYSE:NSM) and SunEdison LLC, North America’s largest solar energy services provider, have initiated field trials to optimize the energy output of solar arrays.

SunEdison has initiated field trials in California using National Semiconductor’s SolarMagicTM power optimizers. National’s SolarMagic power optimizers enable individual solar panels to maximize energy-produced independent of performance of other panels in an array. Individual panels can often under-perform due to shade, debris, panel mismatch or aging.

SunEdison delivers solar energy services to utilities, commercial and government entities by providing a new way to engage in solar energy. The company’s customers pay only for the energy produced by its solar power plants. In March of 2008, the company surpassed 100GWh of delivered energy, marking a new milestone for solar energy services in the North American marketplace.

“We’re delighted to be working with SunEdison” said Brian Halla, National Semiconductor’s chairman and CEO, “SunEdison services architecture delivers industry leading reliability, with more delivered energy, resulting in greater customer savings. We believe our SolarMagic power optimizer will further strengthen the SunEdison service architecture.”

Added Brian Jacolick, GM of the America’s of SunEdison, “SolarMagic promises to offer a significant breakthrough on delivered energy for solar arrays. The net effect will be greater savings for our customers. National Semiconductor’s leadership in analog and power management will serve SunEdison well as we build on this strength to make continued improvements for the solar industry.”

About SolarMagic Power Optimizers
To maximize the energy output of each solar PV panel in the array, National Semiconductor has developed SolarMagic power optimizers, which enables each solar panel to produce the maximum energy regardless of whether other panels in the array are under-performing due to mismatch. SolarMagic technology maximizes the energy harvest of each individual PV panel through advanced algorithms combined with leading-edge mixed-signal technology, thereby recouping up to 57 percent of the lost energy due to mismatches. See www.solarmagic.com for more information.

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Hannover Leasing Acquires Three SunEdison PV Systems In Spain

File image.
by Staff Writers
Beltsville MD (SPX) Jun 05, 2009
SunEdison has announced that Hannover Leasing purchased three SunEdison photovoltaic solar energy systems in Spain's Lleida province. Under a long-term agreement, SunEdison will monitor, maintain and operate the systems, which have a combined capacity of 4.3 MW. Further details of the transaction were not disclosed.

The three ground mount systems - 1.6 MW in Alamus; 1.6 MW in Borges Blanques; 1.1 MW in Cervia - have been operating since September 2008.

"Hannover Leasing recognizes the long-term value of investing with companies which have a proven track record of constructing and operating photovoltaic solar systems. Our goal is to deliver opportunities with financing structures that create immediate tangible value and long-term, stable returns to our partners," said Carlos Domenech, COO, SunEdison.

Andreas Ahlmann, Managing Director, Hannover Leasing, said, "Despite the economic downturn, Hannover Leasing continues to invest in solar projects. SunEdison is a proven leader in the photovoltaic solar market and has a reputation for developing quality projects that exceed expected generation. These systems offer a unique risk-return profile."

Due to the company's advanced monitoring and control technologies, SunEdison's portfolio of solar assets performed at over 100 percent of expected output in 2008 - generating stable, low risk cash flows for investors.

SunEdison has more than 200 photovoltaic solar energy systems under management in North America and Europe. The company has offices throughout the United States, Spain, Italy, France and Germany.

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SunEdison sets future trend in solar plant monitoring and management
11 June 2009 | By Mark Osborne | News > Power Generation

As the number and size of utility-scale photovoltaic plants increases, greater emphasis will be placed on managing and monitoring PV power plants to ensure optimum performance and the required ROI. SunEdison, North America’s largest solar energy services provider is doing just that with the announcement that it has opened the first dedicated Renewable Operations Center (ROC), located in SunEdison offices at the McClellan Air Force hangar. The ROC is designed as the hub for SunEdison solar fleet performance data analysis, PV solar energy system monitoring, remote diagnostics, and automated service dispatch.

“Our goal is simple – deliver more energy and thus more savings to our customers and greater returns to investors,” noted Mark Culpepper, CTO of SunEdison. “The ROC enables SunEdison to manage remote diagnostics and, as needed, quickly dispatch local service crews in a matter of minutes. The ROC goes far beyond monitoring, creating visibility and transparency in solar energy delivered across any utility’s service territory.”

According to SunEdison its 60MW of systems under management performed at over 100% of expected electricity generation in 2008. The utility noted that IEA data indicated that an average PV system would typically under-perform by as much as 13%.

The control and monitoring technology deployed by SunEdison also provides greater transparency into the delivery and measurement of solar energy for both provider and customer, an area that will grow in importance as grid-parity looms.

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August 4, 2009

Beltsville, MD, USA: SunEdison to Deploy Solar Systems on Five Walmart Stores

Walmart Puerto Rico and SunEdison are planning to deploy rooftop solar systems on five Walmart PR stores with the potential for 23 stores over five years. The project will be the largest renewable energy project ever developed on the island. Given traditional energy rates, the systems will provide Walmart long-term predictably priced solar-generated energy.

Under a solar power services agreement with Walmart, SunEdison will finance, own, build and operate the photovoltaic solar energy systems, which deliver long-term, low-risk returns to project financiers. Construction on the first 895kW rooftop system at Walmart Supercenter Caguas is scheduled to begin before the end of 2009.

Each solar power-generating system installed may vary, but across the Puerto Rico sites, on average a system can provide 25 to 35 percent of the power for the store or club on which it is installed. Throughout the duration of a 15 year contract, the zero-emission systems are projected to produce 90 million kilowatt hours (kWh) of electricity.

Renzo Casillo, president & CEO of Walmart Puerto Rico added that, “we are transforming every aspect of our operation, and that includes energy consumption. Today, our new Walmart stores are 21 percent more energy-efficient than our original 2005 stores. Through the implementation of energy-saving strategies and the installation of energy-efficient equipments, last year we achieved an 8.7 percent reduction in energy consumption compared to the previous year. With this solar energy project we’ll continue to broaden our efforts towards our main objective and commitment of being supplied 100 percent by renewable energy”.

SunEdison COO Carlos Domenech said, “We commend Walmart’s aggressive leadership in renewable energy as a model for all industries. Our collaboration in Puerto Rico will provide a long-term financial return on Walmart’s investment in energy. The project also brings the solar industry to Puerto Rico with well-paying jobs for the island on top of the reduction of greenhouse gases to improve the environment.”

The five locations that are part of the pilot and the size of the installations:

Sam’s Club Rexville: 795kW
Sam’s Club Ponce: 936.44kW
Wal-Mart Super Center Ponce Baramaya: 1239.84kW
Wal-Mart Super Center Manati: 854.44kW
Wal-Mart Super Center Caguas: 895.44kW

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SunEdison appoints Rick Gilliam, vice president, government affairs

Posted by Debasish Choudhury on 13 August 2009 at 16:14


SunEdison, North America's largest solar energy services provider, named Rick Gilliam Vice President, Government Affairs. Since joining the company as Managing Director, Policy in January 2007, he has been developing and implementing SunEdison policy initiatives for the Western United States. He was most notably instrumental in helping pave the way for the building of the SunEdison 8.2 MW solar plant in Alamosa, Colorado.

Prior to joining SunEdison, Mr. Gilliam served as Senior Policy Advisor with the non-profit environmental law and policy organization, Western Resource Advocates, where he developed clean energy and air quality public policies. He currently serves on the boards of the Interwest Energy Alliance, the Solar Alliance and the Solar Energy Industries Association.

Colorado Governor Bill Ritter commented, “Rick Gilliam has been part of the team that made history in Colorado. From his leadership in writing Amendment 37 in 2004, to the development of the Alamosa Solar project, to the vast rooftops and fields of solar panels powering businesses around the state, Rick has helped to implement the New Energy Economy and make Colorado a national leader in renewable energy. I congratulate him and look forward to working with Rick in his new position.”

According to Carlos Domenech, COO of SunEdison, “Rick Gilliam is a proven, capable leader on the SunEdison team. Rick is key to an effective partnership with legislatures from the local level to the national stage. He is a longstanding, respected veteran who has made significant contributions to the solar industry.”

Added Rick Gilliam, “I take this larger role with a true sense of excitement and responsibility. We will continue our work with local and national communities, and legislative bodies, to find ways to lower greenhouse gases, create local jobs, and continue to make solar a sensible and growing part of the energy portfolio.”

For more information about SunEdison, please visit www.sunedison.com.

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SunEdison Begins Construction On North Carolina Solar Plant
in News Departments > Projects & Contracts
by SI Staff on Tuesday 18 August 2009
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SunEdison LLC has purchased a 356.7-acre site in North Carolina and initiated construction on a planned 18 MW solar photovoltaic facility.

The Winston-Salem Journal reports that the company selected a site at Golden Crescent Farms, located off New Jersey Church Rd. in Linwood, after considering two other sites. Plant construction is expected to create 80 construction jobs.

Duke Energy has signed a contract to purchase the plant's output for 20 years.

SOURCE: Winston-Salem Journal

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groSolar named as SunEdison channel partner PDF Print E-mail


Posted by Debasish Choudhury on 28 August 2009 at 13:11

Views: 32

Recommended by: 1

Published in: News, News

SunEdison today named groSolar as a Channel Partner. The announcement deepens the long-standing working partnership between two solar industry leaders. SunEdison is North America’s largest solar energy services provider, and groSolar is North America’s premier distributor, installer and integrator of solar energy solutions for residential and commercial installations.

According to Paul Coughlin, Senior Vice President at groSolar, “SunEdison brings a sophisticated approach to solar project financing, as well as system monitoring and service. Employing the innovative tools they developed, including their Solar Power Services Agreement and their 24-7 monitoring program, means that we can deliver higher returns to our investors because we will maximize the energy we deliver to our customers.”

In speaking of this addition to the channel partner program, Brian Jacolick, General Manager for the Americas at SunEdison noted, “groSolar has the commercial customer relationships that will add to our pipeline of project opportunities. This partnership immediately extends the national footprint SunEdison enjoys, bringing added strength in the Northeast. groSolar understands the importance of the new energy marketplace, and we are delighted to welcome the company as a solar channel partner.”

SunEdison’s solar channel partner program provides national installers and integrators access to project financing capabilities, including the ability to deliver projects via a solar power purchase agreement. In addition, for photovoltaic solar energy systems developed under the program, SunEdison will provide service, maintenance and monitoring through the company’s advanced control and management technologies.

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Tja, hat sich erledigt; MEMC hat sie gekauft.

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SunEdison Activates PV System At Procter & Gamble Plant
in News Departments > Projects & Contracts
by SI Staff on Thursday 12 November 2009
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SunEdison and Procter & Gamble (P&G) have inaugurated a 1.1 MW photovoltaic solar system at Procter & Gamble's paper products manufacturing plant in Oxnard, Calif.

The roof-mounted system is projected to produce more than 1.9 million kWh of solar energy during its first year of operation. P&G signed a 20-year solar power services agreement with SunEdison. Electricity from SunEdison will be purchased by P&G at long-term, predictably priced rates, the companies state.

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SunEdison installs Enphase microinverter systems in New Jersey commercial solar project
18 November 2009 | By Tom Cheyney | News > Power Generation

Enphase Energy has scored another commercial-scale installation of its photovoltaic microinverter system, this time at a recently commissioned power plant in New Jersey developed, built, and managed by SunEdison. The project represents the first time that the two companies have partnered.

“SunEdison chose the Enphase microinverter system for its reliability, system availability, and easy integration with our SEEDS [SunEdison Energy and Environmental Data System] monitoring and controls platform,” said Mark Culpepper, CTO of SunEdison. “The site has been running for three months…at an operating performance ratio of close to 120%. It’s one of the best-performing sites in our fleet.”

Enphase microinverter systems, which convert the DC output of a single PV module into grid-compliant AC power, provide several advantages over traditional inverters, according to the company. These include an increase in energy harvest of up to 25%, high system reliability, and simple and safe installation. Balance-of-system (BOS) and labor costs can be reduced by 10-15% compared with systems installed with central inverters.

The specific location and size of the New Jersey installation has not been divulged, although Raghu Belur, Enphase’s VP of marketing, told PV-Tech that it was “a midsize commercial system of less than 100KW,” financed with a power purchase agreement. He said hundreds of 60-cell crystalline-silicon modules, with STC ratings of more than 200W, were used for the arrays.

He explained that SunEdison has shown “a high level of interest in doing more installations” with the microinverter systems, and that the two companies, who worked together on the New Jersey project for nearly a year, are in active discussions. “The next installation is more about finding the right project and committing to it.”

While Enphase is best known for its initial success in the residential market, the company has been “doing a number of commercial installations, bigger and bigger installations, over the past year,” Belur said. “We have a 120KW system running right now, and a 250-300KW system under construction.”

Noting that demand for the microinverter systems “has far, far exceeded our expectations,” the Enphase VP said that “every month is a record month for us in shipments. We’re shipping tens of thousands of inverters every month.”

Enphase recently announced a new product optimized for commercial installations, the D380 TwinPack. The unit is comprised of two microinverters in a single enclosure and an innovative cabling system, which is said to further reduce BOS costs and installation time. The new devices are undergoing field testing and are expected to be commercially available in Q1 2010.

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03.12.2009 13:07
Advanced Energy(R) and SunEdison(R) Announce Commercial Agreement for Solaron(R) Inverter Solutions

FORT COLLINS, Colo., Dec. 3 /PRNewswire-FirstCall/ -- Advanced Energy® Industries, Inc. announced today that it has entered into a commercial agreement with SunEdison®, a leading solar-energy services provider. The agreement includes Solaron® grid-tie, photovoltaic (PV) inverters, as well as complete product life-cycle services.

(Logo: http://www.newscom.com/cgi-bin/prnh/20030825/AEISLOGO)

"AE is honored to work with a premier solar-energy company such as SunEdison," noted Dr. Hans Betz, president and CEO of Advanced Energy. "This commercial agreement is another important milestone for our PV inverter solutions, and demonstrates the value that our expertise brings to leading, utility-scale customers in the solar-energy marketplace."

SunEdison's vice president of engineering procurement and construction, Jason Stevens, noted, "SunEdison is proud to be working with Advanced Energy as one of our choice suppliers. Advanced Energy has an outstanding reputation with their high efficiency Solaron PV inverter line and we look forward to working with them under this new supply agreement."

For more information on Advanced Energy's Solaron inverter solutions, please visit http://www.aesolaron.com/.