SunEdison and Q-Cells International USA Sign 800 MW Development Agreement
Beltsville, Maryland, United States August 15, 2008

SunEdison, North America’s largest solar energy services provider, today announced that the company has entered into a 5-year, 800 MW development agreement in North America with Q-Cells International USA Corporation. Under the development agreement, Q-Cells will dedicate solar modules to meet total capacity of up to 800 MW. In addition, the companies will jointly develop and operate PV solar power systems in North America.

“This development agreement uniquely positions SunEdison to bring solar to a meaningful scale for the industry and our customers,” noted Carlos Domenech, Chief Operating Officer for SunEdison. “As a pioneer of the solar energy services model, we are pleased to bring Q-Cells’ world-class solar technology to the market in the context of a fully managed, long-term solution.” Q-Cells International USA Corp. is a subsidiary of Q-Cells AG (QCE: WKN 555866), the largest manufacturer of solar cells worldwide.

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.

Source: SunEdison