SunEdison Set To Reach 250 California School Districts As It Becomes Exclusive Solar Supplier To SPURR Members

BELMONT, Calif., Jan. 21, 2015 /PRNewswire/ -- SunEdison, Inc. (NYSE: SUNE), a leading global solar technology manufacturer and provider of solar energy services, today announced it has been selected as the exclusive solar energy provider for the 250 member school districts of the School Project for Utility Rate Reduction (SPURR).

SPURR is a California joint powers authority that saves its members money by pooling their purchasing power. SPURR's Renewable Energy Aggregated Procurement (REAP) program finds and pre-approves qualified energy suppliers. With this program, schools and community colleges can be confident they are getting the best pricing while avoiding the process of seeking competitive bids themselves. Districts that participate in the program can realize immediate energy savings and protect themselves from future rate increases by locking in a significant portion of their energy costs for 20 years. Any California based school or community college can participate with SPURR today and start saving money with solar, even if they are not a member.

"Going solar with this program is one of the easiest and quickest things schools and colleges in California can do to start saving money," said Sam Youneszadeh, managing director of sales for SunEdison. "Educators are really excited about this program because that extra budget means more resources, like teachers and books, for students."

"We thoroughly evaluated a number of qualified solar vendors based on each company's background, relevant K-12 experience, price, system design and capabilities, and operations and maintenance expertise. We are confident that SunEdison is the best long term partner for us and for California public schools," said Michael Rochman, managing director of SPURR. "SunEdison's pricing and terms are far superior to anything else we have seen in the marketplace, and they have the track record to make sure these systems are cared for over their entire life."

SunEdison is a leader in helping California school districts save money on utility costs, and currently has 82 installations across K-12 campuses in California. Districts can learn more about the program by contacting a SunEdison Solar For Schools Specialist or by contacting SPURR.

About SunEdison
SunEdison is a global leader in transforming how energy is generated, distributed and owned. SunEdison manufactures solar technology and develops, finances, installs and operates distributed solar power plants, delivering predictably priced electricity and services to its residential, commercial, government and utility customers.  SunEdison also provides 24/7 asset management, monitoring and reporting services for hundreds of solar systems worldwide via the company's Renewable Operation Center (ROC). SunEdison has offices in North America, Europe, Latin America, Africa, India and Asia. SunEdison's common stock is listed on the New York Stock Exchange under the symbol "SUNE."  To learn more visit www.sunedison.com.

About SPURR
The School Project for Utility Rate Reduction (SPURR) is a Joint Powers Authority (JPA) formed in 1989 pursuant to the California Government Code's Joint Exercise of Powers Act. SPURR aggregates purchasing power and expertise for California public school districts, county offices of education, and community college districts. We operate procurement and consulting programs in the areas of renewables, natural gas, electricity, telecommunications, and expense management for hundreds of public education entities at thousands of sites across California. Visit SPURR at www.spurr.org

Forward Looking Statements
Certain matters discussed in this press release are forward-looking statements, including districts that participate in the program can realize immediate energy savings and protect themselves from future rate increases by locking in a significant portion of their energy costs for 20 years; and SunEdison is a leader in helping California school districts save money on utility costs. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Potential risks and uncertainties include changes in applicable regulatory requirements and incentives for production of solar power; and general business and economic conditions, including seasonality of the industry, and other risks described in SunEdison's filings with the United States Securities and Exchange Commission. These forward-looking statements represent SunEdison's judgment as of the date of this press release. SunEdison disclaims, however, any intent or obligation to update these forward-looking statements.

SOURCE SunEdison, Inc.

Related Links

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