SunEdison Creates Research And Development Facility At Global Academy Of Technology In Bangalore

-- Facility to Enable Collaboration Between Private Industry and Academia

BANGALORE, India, March 3, 2014 /PRNewswire/ -- SunEdison (NYSE: SUNE), a leading solar technology manufacturer and provider of solar energy services, today announced that it has collaborated with the Global Academy of Technology (GAT) in Bangalore to create a research and development facility at the college's Bengaluru campus.  Students will work with SunEdison scientists and engineers to research and improve technology for solar water pumps, energy storage solutions, hybrid energy systems, solar power plant monitoring and mounting structures. 

The facility was inaugurated today at an event attended by senior members of India's government including; D.K. Shivakumar; Nandan Nilekani, Chairman UIDAI, GOI; Sri. P. Ravi Kumar, Additional Chief Secretary, Energy Department; GoK, Sri Pankaj Kumar Pandey,  Managing Director of BESCOM; Sri. G Kumar Naik, Managing Director of KPTCL; Sri. G.V. Balaram, Managing Director of KREDL and several members of parliament.

D.K. Shivakumar, Minister of Energy for Karnataka and Chairman of the National Education Foundation also attended the event and said "Having the SunEdison R&D Facility at GAT provides our students the opportunity to extend their academic experience into industry.   They'll be conducting research side by side with scientists and engineers from one of the world's leading solar companies giving them a unique experience that will prepare them for successful careers."

SunEdison has a long commitment to supporting education and developing the next generation of solar professionals including sponsoring scholarships and creating training content for professional training centers.  For this endeavor the company conducted an extensive search for an academic institution that would be the best partner.  GAT's solar energy curriculum and commitment to the environment made the college a natural choice.

"This relationship is another example of our company's dedication to transforming lives through innovation; we've forged a unique relationship with a leading engineering college that will transform the learning process.  By placing students side by side with industry leaders their education will extend beyond theoretical application of concepts to real-world implementations," said Pashupathy Gopalan, President, SunEdison, Asia Pacific, GCC and South Africa.

About SunEdison India
SunEdison works with state governments, commercial and industrial customers, and other blue chip companies in India to design innovative and affordable solar solutions for their energy requirements.   SunEdison's Eradication of Darkness Program includes off-grid rural electrification, a solar water pump product line and philanthropic efforts. SunEdison India also developed a 1 MW solar power plant suspended over the Narmada Canal and executed the first Solar PPA in India commissioned at Standard Chartered Bank, Chennai. In 2012 the Independent Power Producers Association of India (IPPAI) named SunEdison "The Best Solar Power Producer" of the year.

About SunEdison
SunEdison is a global leader in semiconductor and solar technology, and a leading solar energy services provider dedicated to transforming lives through innovation. SunEdison provides innovative, advanced technology solutions to corporations, utilities, governments and leading chip manufacturers to transform lives around the world. With R&D and manufacturing facilities in the U.S., Europe and Asia, the company focuses on innovation throughout our business. We carry this commitment throughout our global sales, manufacturing and support organizations.

SunEdison common stock is listed on the New York Stock Exchange under the symbol "SUNE." For more information please visit www.sunedison.com

About Global Academy of Technology:
GAT has been a forerunner and prime mover in impartingtechnical education in Bengaluru, India. The campus brims with more than 2000 students and 300 experienced staff involved in effective Teaching and Learning Process.  Affiliated to Visvesvaraya Technological University, the self financing Engineering College has grown by leaps and bounds since its inception in 2001.  Global Academy of Technology, established in the year 2001, is one of the most sought-after engineering and management colleges in Bengaluru, Karnataka.  GAT has academic alliances with various industries and research organizations to provide current industry perspective to the students.