Construction and Interconnection Completed in Nine Month Period BELTSVILLE, Md., Nov. 23, 2010 /PRNewswire/ -- SunEdison, a leading worldwide solar energy services provider and a subsidiary of MEMC Electronic Materials (NYSE: WFR), has successfully interconnected a 70 megawatt (MW) photovoltaic (PV) power plant in Northeast Italy, near the town of Rovigo. The deployment, which is now the largest single-operating PV solar power plant in Europe, was completed and interconnected in a nine-month time period. The Rovigo solar power plant was acquired by First Reserve through a previously announced joint venture between First Reserve Corporation and SunEdison. Investment programs managed or advised by Partners Group AG and Perennius Capital Partners SGR have invested in the project with the First Reserve joint venture. First Reserve recently announced the execution of a euro 276M project finance facility for the project with some of the leading European banks, including Banco Santander, Unicredit Corporate Banking, Dexia Crediop, Natixis, Societe Generale and Credit Agricole. SunEdison, a minority investor in the joint venture with First Reserve, will manage the ongoing operations and maintenance of the Rovigo plant.
