Hannover Leasing Acquires Three SunEdison PV Systems in Spain

* Reuters is not responsible for the content in this press release.

Mon Jun 1, 2009 1:48pm EDT

SunEdison Will Operate the Systems, with Combined Capacity of 4.3 MW, Under a
Long-Term O&M Agreement
MADRID & BELTSVILLE, Md.--(Business Wire)--
SunEdison, North America`s largest solar energy services provider, today
announced that Hannover Leasing purchased three SunEdison photovoltaic solar
energy systems in Spain`s Lleida province. Under a long-term agreement,
SunEdison will monitor, maintain and operate the systems, which have a combined
capacity of 4.3 MW. Further details of the transaction were not disclosed. 

The three ground mount systems - 1.6 MW in Alamus; 1.6 MW in Borges Blanques;
1.1 MW in Cervia - have been operating since September 2008. 

"Hannover Leasing recognizes the long-term value of investing with companies
which have a proven track record of constructing and operating photovoltaic
solar systems. Our goal is to deliver opportunities with financing structures
that create immediate tangible value and long-term, stable returns to our
partners," said Carlos Domenech, COO, SunEdison. 

Andreas Ahlmann, Managing Director, Hannover Leasing, said, "Despite the
economic downturn, Hannover Leasing continues to invest in solar projects.
SunEdison is a proven leader in the photovoltaic solar market and has a
reputation for developing quality projects that exceed expected generation.
These systems offer a unique risk-return profile." 

Due to the company`s advanced monitoring and control technologies, SunEdison`s
portfolio of solar assets performed at over 100 percent of expected output in
2008 -- generating stable, low risk cash flows for investors. 

SunEdison has more than 200 photovoltaic solar energy systems under management
in North America and Europe. The company has offices throughout the United
States, Spain, Italy, France and Germany. 

About Hannover Leasing

Hannover Leasing GmbH & Co. KG is one of the leading German leasing companies
and arranger of closed-end funds in Germany with more than 48,000 private
individual or institutional investors in more than 180 closed-end funds. With a
focus on real estate projects, commercial aircraft financing, ship and rail
investments, infrastructure, energy or private equity investments, Hannover
Leasing uses its core competence for structured project financing and manages an
asset volume of Euro 15,5 billion with an invested equity of Euro 8,4 billion.
For more information please visit www.hannover-leasing.de. 

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. 







For Sun Edison LLC
Rob Wyse, 212-920-1470
rob@m1pr.com

Copyright Business Wire 2009

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.