TORONTO--(BUSINESS WIRE)--SunEdison, a division of MEMC Electronic Materials, Inc. (NYSE: WFR), announced today that it will be developing and constructing up to fourteen (14) roof-top solar photovoltaic (PV) projects with capacity totaling up to 3 Megawatts (MW) for The Remington Group, one of the leading real estate developers in Ontario. Under the agreement, SunEdison will finance, build, own, operate, monitor and maintain photovoltaic solar energy systems hosted at Remington facilities, and the Ontario Power Authority (OPA) will purchase the energy produced under the terms of Ontario’s Feed-in Tariff Program (FIT)*. The fourteen roof-top PV systems will all be located in the Greater Toronto Area, and will be launched using a phased rollout plan starting in the Summer of 2010. Over 20 years, the systems will generate sufficient energy to avoid the emission of over 42,000 tonnes of CO2 into the atmosphere--the equivalent of removing over 9,000 cars from the road for one year.
