SunEdison Awarded
Best Solar Power Producer in India
New Delhi (INDIA), September
10 - Global solar energy provider SunEdison, a subsidiary of MEMC
Electronic Materials, Inc., {NYSE: WFR}, was awarded “Best Solar Power Producer
in India” at the Regulators & Policymakers Retreat (RPR) 2012 organized by
Independent Power Producers Association of India (IPPAI).
SunEdison has become a solar
power leader in India with over 50 MW of interconnected solar electricity in
India today. The company’s projects range from small rooftop installations to
South Asia’s largest solar field in Gujarat.
“Our objective in presenting
these awards was to acknowledge and recognize the important work undertaken by
the solar developers in the country,” said V. Subramanian, former
Secretary of the Ministry of New & Renewable Energy. “Considering
they started their operations only three years ago in India, contribution of
SunEdison in the solar space has been significant and praiseworthy. Their
initiatives in getting the projects commissioned as "developers" also in quick
time, have been well appreciated and that is recognized by this
award.’’
Along with utility scale projects, SunEdison has implemented
innovative initiatives such as the Narmada Canal solar project, considered to be
an engineering and design marvel in solar industry globally, as well as the
recently launched Eradication of Darkness program which is providing the village
of Meerwada 24x7 electricity and will bring solar-powered energy to an
additional 29 rural villages that have never had reliable electricity.
“This is a significant milestone
for SunEdison in India and is a testament to our commitment in the region,” said
Pashupathy Gopalan, SunEdison’s Managing Director of South Asia and
Sub-Saharan Operations in accepting the honor. “This award recognizes us for
our executional abilities, relentless innovation and a solid commitment to a
sustainable energy future. The IPPAI award further establishes our credibility
and leadership in solar energy services and we’re thankful to IPPAI. We are also
grateful to MNRE, IREDA, NVVN, State Governments and our financial partners IFC,
OPIC, L&T Infra, HDFC and IDFC for supporting us in our endeavors.”
The Regulators & Policymakers
Retreat provides a platform for various stakeholders to exchange experiences and
discuss emerging challenges and complexities in the growth path of India as it
moves from command to market economy.
About Independent Power Producers Association of India
(IPPAI)
The
Independent Power Producers Association of India (IPPAI) was set up after the
Government of India opened power generation to private players and invited
developers to set up power projects in India. IPPAI was set up with the idea to
provide a neutral forum for IPPs to discuss various issues and bottlenecks that
the nascent industry faced.
IPPAI provides a cerebral platform as also an engaging
interface between players in the Energy Sector, Policy Makers (Central and State
level), Electricity Boards, Financial Institutions, Ministries, Power
Developers, Indian & Multinational Companies, Equipment Suppliers, EPC
Contractors and Consultants. For more information about IPPAI please visit http://ippai.org/about.aspx?0
About SunEdison:
SunEdison is a global leader in delivering solar power.
The company develops, finances, installs and operates distributed power plants
using proven photovoltaic technologies, delivering fully managed, predictably
priced solar energy services for its commercial, government and utility
customers. In 2011 SunEdison interconnected approximately 300 Megawatts of solar
throughout the world. SunEdison has over 800 solar power plants under management
in more than 21 countries around the world. For more information about SunEdison
please visit www.sunedison.com
About MEMC:
MEMC is a global leader in the manufacture and sale of
wafers and related intermediate products to the semiconductor and solar
industries. The company has been a pioneer in the design and development of
silicon wafer technologies for 50 years. With R&D and manufacturing
facilities in the U.S., Europe and Asia, MEMC enables the next generation of
high-performance semiconductor devices and solar cells. Through its SunEdison
division, MEMC is also a developer of solar power projects and North America's
largest solar energy services provider. MEMC’s common stock is listed on the New
York Stock Exchange under the symbol “WFR”. For more information about MEMC
please visit www.memc.com
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