SunEdison Installs Solar on New Delhi Metro Rail's Badarpur-Faridabad Line

Sep 06, 2015, 02:02 ET from SunEdison, Inc.

CHENNAI, India, Sept. 6, 2015 /PRNewswire/ -- SunEdison, Inc. (NYSE: SUNE), the largest global renewable energy development company, today announced the successful installation and operation of eight solar systems for India's Delhi Metro Rail Corporation (DMRC). The newly finished Badarpur-Faridabad line is the first metro line in the DMRC network to integrate solar into the design of the buildings. The solar systems are built on the roofs of the stations and depot and are expected to generate 1.9 megawatts (MW) of clean, reliable, and cost effective solar power.

"Millions of people rely on the Delhi Metro each day and by installing SunEdison's solar system in eight of the metro lines, we are excited that these commuters will be able to benefit from a clean and reliable source of electricity," said Pashupathy Gopalan, SunEdison's president of Asia-Pacific and Sub-Saharan Africa. "These systems took only two months to build and will generate electricity for the metro line for 25 to 30 years with little maintenance cost."

A DMRC representative commented: "The solar plants on the rooftops of the Faridabad line represent our commitment to clean energy, and to bringing the best technology and expertise to support our network. We thank SunEdison for their work on these plants, and look forward to working with them again."

The solar systems are expected to generate 2.5 gigawatt-hours of electricity a year, and avoid the emission of 1,700 metric tons of carbon dioxide each year, the equivalent of taking 363 cars off the road or preventing more than 800 metric tons of coal from being burned.

SunEdison is building similar solar power plants generating 1.7 MW at the rail company's Yamuna Bank station and Yamuna Bank yard. Operation and maintenance of the solar power plants will be performed by SunEdison Services, which provides global 24/7 asset management, monitoring and reporting services.

About SunEdison

SunEdison is the largest global renewable energy development company and is transforming the way energy is generated, distributed, and owned around the world. The company develops, finances, installs, owns and operates renewable power plants, delivering predictably priced electricity to its residential, commercial, government and utility customers. SunEdison is one of the world's largest renewable energy asset managers and provides customers with asset management, operations and maintenance, monitoring and reporting services. Corporate headquarters are in the United States with additional offices and technology manufacturing around the world. SunEdison's common stock is listed on the New York Stock Exchange under the symbol "SUNE." To learn more visit www.sunedison.com.

Forward Looking Statements 
This communication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. These statements involve estimates, expectations, projections, goals, assumptions, known and unknown risks, and uncertainties and typically include words or variation of words such as "expect," "anticipate," "believe," "intend," "plan," "seek," "estimate," "predict," "project," "goal," "guidance," "outlook," "objective," "forecast," "target," "potential," "continue," "would," "will," "should," "could," or "may" or other comparable terms and phrases. All statements that address operating performance, events, or developments that SunEdison expects or anticipates will occur in the future are forward-looking statements. They may include estimates of expected cash available for distribution (CAFD), earnings, revenues, capital expenditures, liquidity, capital structure, future growth, and other financial performance items (including future dividends per share), descriptions of management's plans or objectives for future operations, products, or services, or descriptions of assumptions underlying any of the above. Forward-looking statements provide SunEdison's current expectations or predictions of future conditions, events or results and speak only as of the date they are made. Although SunEdison believes its expectations and assumptions are reasonable, it can give no assurance that these expectations and assumptions will prove to have been correct and actual results may vary materially.

By their nature, forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. Factors that might cause such differences include, but are not limited to, a variety of economic, competitive and regulatory factors, many of which are beyond SunEdison's control and are described in SunEdison's Form 10-K for the fiscal year ended December 31, 2014, as well as additional factors it may describe from time to time in other filings with the Securities and Exchange Commission. You should understand that it is not possible to predict or identify all such factors and, consequently, you should not consider any such list to be a complete set of all potential risks or uncertainties.

SunEdison disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions, factors, or expectations, new information, data, or methods, future events, or other changes, except as required by law.

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SOURCE SunEdison, Inc.



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