MEMC to Create SunEdison Capital, Names Domenech Pres

MEMC Electronic Materials, Inc. WFR announced today the formation of SunEdison Capital, a new division within its SunEdison subsidiary, and has appointed Carlos Domenech to the newly created position of President. Building on SunEdison's track record of raising over five billion dollars of project finance capital over the last five years, SunEdison Capital will focus on aggregating capital to develop, build and finance the long-term ownership of solar power plants.  As part of this effort, the division will develop internal and external capital funds and facilities, playing a key role in financing the growth of SunEdison's solar business, including a current solar project pipeline of more than 2.6 Gigawatts, in addition to acquiring new projects.  Utilizing the internal and external capital funds and facilities, SunEdison Capital will lead project and corporate acquisitions and joint venture initiatives for SunEdison's development division.  As part of SunEdison's capital raising initiatives, SunEdison has invested in and helped to establish EverStream Energy Capital Management, an independent private equity company focused on raising capital and investing in energy transactions.  Through his role in SunEdison Capital, Carlos Domenech will be a Managing Partner of EverStream and will manage the company's investment in and relationship with EverStream.