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Wednesday, April 22, 2009

SunEdison Signs REC Solar as First Channel Partner

SunEdison Signs REC Solar as First Channel Partner
Solar Channel Partner Program Delivers SunEdison Financing Strength and PV System Management to Partners’ Commercial-Scale Project Development

BELTSVILLE, Md.--April 22 2009 --SunEdison, North America’s largest solar energy services provider, 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.

About SunEdison

Sun Edison LLC is North America’s largest solar energy services provider and operates across a global marketplace. SunEdison provides solar-generated energy at or below current retail utility rates to a broad and diverse client base of commercial, municipal and utility customers. For more information about SunEdison, please visit www.sunedison.com

Contacts For Sun Edison LLCRob Wyse, 212-920-1470rob@mediafirstpr.com





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