BEST SOLAR POWER PRODUCER

IPPAI POWER AWARDS 2012

Narmada Canal Project, Gujarat 1 MW solar plant over 1 km on the canal

Rovigo, Italy

70 MW

Affordable Solar Solutions for

Industrial/ Commercial Customers in Tamil Nadu

SunEdison Overview

We develop, build, finance, and operate turnkey solar power plants to

provide our customers electricity at predictable and competitive prices

Leading solar services provider around the world

First to provide solar PPA for commercial turnkey solar power plants

Systems operating at 104% of underwritten investment

MEMC, parent company of SunEdison

50 year old company, among the top 5 manufacturers of polysilicon &

silicon wafers for the solar and semiconductor industries

2

940 solar power

plants worldwide

895 MW of solar

capacity installed

$3.5 Bn financing

experience

26 32 40

167

296

400+

0

100

200

300

400

500

2007 2008 2009 2010 2011 2012E

Interconnected PV Capacity (MW/year)

MEMC Offices SunEdison Offices

St. Peters, Missouri Santa Clara, California Sherman, Texas

Paris, France Novara, Italy

Shanghai, China Hsinchu, Taiwan Seoul, South Korea

Tokyo, Japan Singapore

Belmont, California Toronto, Canada San Francisco, California

Denver, Colorado Beltsville, Maryland

Pennsauken, NJ

Chennai, India Bangkok, Thailand Madrid, Spain

Johannesburg, South Africa

SunEdison’s Regional

Headquarters:

Asia & Sub-Saharan

Africa – Chennai, India

Europe & MENA –

Madrid, Spain

Americas –

Belmont, California

MEMC/SunEdison Global Presence

Chennai, India

Belmont, California

.

3

Madrid, Spain

Strong expertise in Ground Mount &

Rooftop Systems across the world

4

Otay Mesa Water

Treatment Facility

Alamosa, Colorado

City of Rifle

Rovigo, Italy

Car Park, Korea

SunEdison in India – Leading Solar Solutions

Provider for Various Segments

5

1A MNRE Accredited Channel Partner

Largest Utility Scale Solar Developer in India 54 MW+ commissioned across Gujarat, Rajasthan and UP

Awarded projects under National Solar Mission and various State solar policies

Raised $100 Million non-recourse debt financing for the projects with partners like IFC, OPIC, IDFC etc.

Implementation experience across multiple technologies

• Multi crystalline silicon PV with Fixed tilt

• Multi crystalline silicon PV with Trackers

• Thin Film with Fixed tilt

• Cadmium Telluride with Fixed tilt

6

Millennium, Gujarat

(9.27 MW, Azimuth Tracker)

Solar Park, Gujarat – (25 MW, Fixed tilt)

NVVN, Rajasthan

(5 MW, Fixed tilt)

Azure, Gujarat

(5 MW, Thin Film- Fixed tilt)

ESP, Gujarat

(5 MW, Fixed tilt)

GERMI, Gujarat

(1 MW, showcase of all technologies)

1 MWp Solar Project on Narmada Canal First of its kind in the World

Reduces Evaporation – Saves up to 7 million liters of drinking water per year

Provides Reliable Power to Nearby Villages

Reduces Algae Growth – More potable water

• Reduced pump maintenance

7

Building the First Solar City in India

2.5 MW of Solar Rooftop Projects in Gandhinagar, Gujarat

8

Over 100 Rooftops to be covered

Commissioning by March, 2013

First Private Solar Rooftop PPA in India 100 kW at Standard Chartered Bank, Chennai

First Rooftop Solar Private PPA in India (Standard Chartered Bank, Chennai)

Elevated Structures were used to ensure roof usage is not curtailed

30 Lakh kWh over the next 20 years – Powering 800 Indian homes for 1 year

200 Tonnes of Carbon Dioxide Emission reduction

9

Largest Solar PV Project in Indian Telecom Sector 100 kW at Airtel Rooftop, Gangaganj, Lucknow

Technical Highlights

Non-penetrating ‘Delta Rack’ structures – no roof damage

High efficiency Mono crystalline

modules Real time remote monitoring

“Batteryless” system – minimal maintenance

Economic Benefits Annual saving due to Solar Plant

> INR 5 Lakhs / year Annual Diesel Savings – 18,000

Litres of Diesel / year

Environmental Impact

3 million kWh of clean energy will be produced in 20 years Equivalent to offsetting 2,000

tonnes of Carbon or taking 400 cars off the road

10

SunEdison built the 100 kW rooftop Solar PV plant at Airtel’s Mobile

Switching Center in Lucknow. It was inaugurated on Sep 27 th, 2012.

Diesel Abatement Solar Plant at IOCL Retail Outlet

11

9 kW Hybrid System (Solar + Battery + Grid + DG) system to reduce diesel

consumption by 90%

Polycrystalline modules & Hybrid Power Conditioning Unit

8 hour power back-up

Remote monitoring solution to track DG set run-hours

Education Institutes

12

50kW at Shivalik Public School 50kW at Punjab Agricultural University

Rooftop Installation

Mono Crystalline, Fixed Tilt

Penetrating Structures

SMA String Inverters

SunEdison: Best Solar Power Producer in India

– IPPAI Power Awards 2012

13

Experienced Jury

V. Subramanian, Former Secretary, MNRE

Prof S.L. Rao, Former Chairman, CERC

Mr. Ajay Shankar, Former Secretary, DIPP

Ashok Khurana

Anil Razdan, Former Secretary, MoP

Strong Competition

More than 20 application from various players

(Welspun Energy, Azure Power, Kiran Energy, Lanco, Ablleon Energy, Green infra, Mahindra Solar One, Alex Astral, GHI energy, Waa Solar,

Singhal forestry (Vandana Group) and others)

Knowledge Partners

Awarded India’s Best solar Power producer

(2012)

What Differentiates Us

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Technology

Our span of influence across both upstream and downstream parts of the PV value chain positions us at the forefront of technology development and

possess an industry leading cost curve One of the very few companies to have experience spanning various PV and

inverter technologies

Execution

Execution capability of delivering projects in record timelines Delivered Europe's largest PV project (70 MW) in Rovigo, Italy in 7 months

Commissioned 25MW in Charanka, Gujarat in 120 days

Financing

Over $3.5 bn in financing experience worldwide

Raised 100% non-recourse debt funding for 76 MW IPP project portfolio in

India

Partnerships with a range of financial institutions – OPIC, IFC, IDFC etc.

Operations & Maintenance

24* 7, real-time monitoring of performance of entire fleet of over 900 plants

through SEEDS (SunEdison Energy & Environmental Data System)

Our understanding of Tamil Nadu

Asia headquarters in Chennai for over 3 years, with a team size of greater

than 150

Good understanding of local dynamics and good network of local suppliers

and vendors

A

B

C

D

E

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Solar Solutions for Industrial/Commercial

Customers

15

Grid-Connected Solar PV Solutions Solar off-sets Grid and Diesel Consumption

Reverse Power

Relay

Reverse Power

Relay

GenSet

Grid

AC Distribution

Board

Loads

DG CB

PV CB

PV Array

AC Bus

Grid CB

On-site – rooftop/

Ground-mount

For captive

consumption

16

Battery backed Solar PV Solutions

Critical

Loads

Battery

CB

Solar Inverter

Battery

PV

CB

Case 1.

Standalone Solar for

Running Day-time Loads

Critical

Loads

Charger CB

Charge

Controllers

Inverter CB

Battery

Inverter

Battery

Case 2.

Standalone Solar for

Running Night-time Loads

17

Offsets Grid and Diesel

consumption

Offsets Diesel consumption

Project Economics 100 kWp Grid-Connected Solar PV Solution

18

ASSUMPTIONS

Project Details

• Poly C-Si modules Fix Tilt

• Commissioning from Dec 2012 onwards

• Phased capacity addition

• Location : TN (illustrative)

Annual Generation

• 1.50 lakh kWh (illustrative)

• Degrades at 0.5% YoY

Tariff and Charges

• Grid & Diesel blended Tariff of INR 8/kWh

• No charges for off-grid power plant

REC Benefit

• Not applicable for plants < 100 kWp

Parameter Value

Total Project Cost INR 105 Lakhs

30% MNRE Capital Subsidy benefit

in First year INR 31.5 Lakhs

Accelerated Depreciation allowed in

First year INR 73.5 Lakhs

Tax benefit from AD INR 23.8 Lakhs

Effective Project Cost INR 49.6 Lakhs

Annual Expected Savings on

Electricity from Grid & Diesel – Yr 1 INR 12.4 Lakhs

Annual O&M expenses INR 1.5 Lakhs

Effective savings (Expected) INR 10.9 Lakhs

Payback period 4 Years

Off-site Wheeling of Solar Power to your

Facility

SunEdison Solar Project

(AD benefit

to Customer)

Turnkey EPC

and O&M

Service Wheeling out of Power from EB

REC Revenue via

Power Exchange

Customer develops Solar asset on his balance sheet to be able to avail 100% AD

Power generated wheeled into the State Owned Grid & wheeled out on a Long term Open

Access basis

Utility bill based on the net number of units consumed

Grid connected project - eligible for participating in REC trading

State Electricity

Grid

Wheeling in of Power to EB

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Solar Vs Wind Which is a better Investment?

No. Parameter Wind Energy Solar Energy

1 Accelerated Depreciation No

(reduced to 35%) 100%

2 Predictability Highly Unpredictable More predictable than wind,

Less variance

3 Seasonality Highly seasonal. Generates throughout the

year

4 Banking requirement Yearly banking needed to make

wind viable

Banking not needed at all for

Solar to become viable

20

Project Economics 1 MW Off-site Wheeling (Best Case)

21

ASSUMPTIONS

Project Details

• Poly C-Si modules Fix Tilt

• Commissioning by March 2013

• Location : TN

Annual Generation

• 15 lakh kWh wheeled in

• Degrades at 0.5% YoY

• 14 lakh kWh wheeled out (7% losses)

Tariff and Charges

• EB tariff + taxes + Demand Charges INR

6.28/kWh (escalation @3% p.a.)

• Long term OA wheeling and transmission charges : INR 1.55/kWh

• Service charge & generation taxes (INR 0.50 + INR 0.10)/kWh

REC Benefit

• Maximum Solar REC Price till March 2017 : INR 13.40/kWh; INR 3/kWh till 2022

• Assumed that 100% of RECs will be sold

Parameter Value

Total Project Cost (Excl. land) INR 8.5 Crore

Accelerated Depreciation allowed in

First year INR 8.5 Crore

Tax benefit from AD INR 2.8 Crore

Effective Project Cost INR 5.7 Crore

Annual Savings on Electricity

from Grid – Yr 1 INR 0.83 Crore

Income from Solar REC – Yr1 INR 2 Crore

Annual O&M expenses INR 0.12 Crore

Annual wheeling, transmission etc.

charges INR 0.23 Crore

Effective savings/income INR 2.48 Crore

Payback period (Debt & Equity) 3 years

Short-term Debt assumption: 70% leverage @ 13%

SunEdison Offers Multiple Business Models for

you to Benefit from Solar Today

On-Site Power

SunEdison Owner of

System

EPC and Long-term

O&M Service

1

Off-site Wheeling 2

SunEdison Solar Project

(AD benefit to

Customer)

Turnkey EPC

and O&M

Service Wheeling out of Power from EB

REC Revenue via

Power Exchange

State Electricity

Grid

22

SunEdison Advantage

Operations & Maintenance

23

Global Services Life Cycle

24

Preventive

Maintenance

Site

MaintenanceCommissioning

SEEDS and

Sensors

AC Subsystem

Inverter and

Switchgear

Tracker

Grid

Interconnection

Array and DC

MonitoringCorrective

Action

Data Analysis

Investor Reporting

Time and

Expense Tracking

Reporting

Array and DC

Inverter and

Switchgear

AC Subsystem

Tracker

SEEDS and

Sensors

MV and HV

EquipmentSecurity

Array Cleaning

Snow Removal

Vegetation

Abatement

Storm Preparation

and Inspection

Alerts and

Ticketing

ROC Monitoring

and

Troubleshooting

AC Subsystem

Tracker

SEEDS and

Sensors

Inverter and

Switchgear

Array and DC

Site Acceptance Inspection (SAI)

Warranties

and Permit

Management Reliable Services

for 25+ Years

Renewable Operations Center (ROC)

25

Commissioning:

Commission SEEDS™ monitoring

Validate system performance

Prepare data for Independent

Engineer / Technical Advisor firm

Power plant monitoring and alerting:

Detect / diagnose outages

Identify underperformance

Contact owners / operators

Service dispatch and management:

Create / manage service tickets

Dispatch service crews

Confirm problem resolution

Analysis:

Fleet / portfolio performance

Performance by technology

Soiling analysis

Client Connect – Online Monitoring Portal

26

Track energy production

Measure environmental savings

Fleet view / fund view / site view

Essential PV data at your finger tips through Client Connect

How to Select a Solar Services Provider

Long-lasting trustable company

Remote and online monitoring for daily operations

Reliable and efficient after-sales services offered

Ministry of Renewable Energy (MNRE) accredited

Significant presence in India

For Captive Rooftop Solutions, Please Contact:

UMA RAMESH | +91-95000-82649 | uramesh@memc.com

For Offsite Wheeling Solutions, Please Contact:

RADHE ADIDAM| +91-87545-09457 | radidam@memc.com

For all other queries, please write to india@sunedison.com

SunEdison Energy India Pvt. Ltd.

New # 165, Old No # 110, St.Mary’s Road, Alwarpet, Chennai – 18

Website: www.sunedison.com