SunEdison and Developers Diversified Realty Celebrate the Activation of National Rooftop Solar Program

SunEdison, North America’s largest solar energy services provider, a subsidiary of MEMC Electronic Materials (NYSE: WFR) and Developers Diversified Realty, the owner, manager and developer of a dynamic international portfolio of highly valued shopping centers, today announced the activation of five solar power projects in Princeton, Hamilton and Union, New Jersey. This activation is the first phase of Developers Diversified’s national rooftop solar program.

SunEdison and Developers Diversified entered into a partnership last year that gives SunEdison the rights to deploy solar energy systems at more than 130 shopping centers throughout the United States. The five projects in Princeton, Hamilton and Union mark the first of many in Developers Diversified’s portfolio that are being considered for solar power generation. Through SunEdison’s REIT Solar Program, Developers Diversified will purchase the energy produced for common area usage while earning revenue on the leased roof space for solar power production. In addition, the shopping center tenants can benefit by opting to purchase the power generated through the program.

There are eight projects in New Jersey that are currently active or under construction. Once these regional sites are all active they will generate approximately 1.4 million kWh of solar energy in the first year. Over 20 years, the sites will generate approximately 26 million kilowatt-hours, enough energy to power over 2,400 homes for one year. Website: www.sunedison.com