SunEdison Sells 30MW Spectrum Solar Project To Southern Company And Turner Renewable Energy

SunEdison and subsidiary of MEMC Electronic Materials, Inc.

, announced today that the company's forthcoming Spectrum Solar Project, a 30 megawatt (AC) / 37.5 MW (DC) solar photovoltaic power plant has been sold to Southern Company and Turner Renewable Energy. Construction of the project is expected to begin in October on a 311 acre site in Clark County, Nevada, with commercial operation anticipated during the second quarter of 2013.  In addition to developing the plant, SunEdison will be responsible for ongoing operations and maintenance. The sale of the Spectrum project follows the sale of the 20 MW (AC) Apex project to Southern Company and Turner Renewable Energy in June.  The Apex project, also located in Clark County Nevada, went into full commercial operation in the third quarter of 2012. Electricity generated by the Spectrum plant will serve a 25-year power purchase agreement with Nevada Power Company (dba NV Energy).  Headquartered in Las Vegas, NV Energy, Inc., provides a wide range of energy services and products to approximately 2.4 million residents of Nevada and nearly 40 million tourists annually.