This is the first project sale between Southern Company and SunEdison. SunEdison developed and built the plant and will be responsible for ongoing operations and maintenance.
Electricity generated by the 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.
"As a long-term leader in the solar industry, we are committed to providing reliable and predictably priced solar energy for our customers," said MEMC CEO Ahmad Chatila. "The planning, construction and acquisition of the Apex Project is consistent with this commitment and occurred thanks to support from multiple sources, including NV Energy, Nevada Governor Brian Sandoval, United States Senator Harry Reid and the City of North Las Vegas."
SunEdison is a global provider of solar-energy services. The company develops finances, installs and operates distributed power plants using proven photovoltaic technologies, delivering fully managed, and predictably priced solar energy services for its commercial, government and utility customers. In 2011 SunEdison interconnected approximately 300 Megawatts of solar throughout the world.
MEMC is a world leader in semiconductor and solar technology. MEMC has been a pioneer in the design and development of silicon wafer technologies for over 50 years. With R&D and manufacturing facilities in the U.S., Europe, and Asia, MEMC enables the next generation of high performance semiconductor devices and solar cells. Through its SunEdison subsidiary, MEMC is also a developer of solar power projects and a worldwide leader in solar energy services. MEMC’s common stock is listed on the New York Stock Exchange under the symbol "WFR".
