20:01 - 30 Jun 2015

Order is Vestas' sixth project in the United States with SunEdison

Order is Vestas' sixth project in the United States with SunEdison

With reference to Vestas Wind Systems A/S company announcement No. 37/2015 of 30 June 2015, Vestas has received a firm and unconditional order in the United States for 47 V112-3.3 MW turbines to power the Bingham wind power plant in Somerset County, Maine.

The total size of the Bingham project will be 185 MW, including components ordered from Vestas previously. At 185 MW, Bingham will be largest wind energy project in New England when complete.

The order, placed by SunEdison, Inc. (NYSE: SUNE), includes supply and commissioning of the wind turbines as well as a 10-year Active Output Management (AOM) 5000 service agreement designed to maximize energy production. Installation and commissioning of the turbines is expected in 2016.

This order is a call-off from the December 2013 Master Supply Agreement (company announcement No. 54/2013) between Vestas and First Wind, which SunEdison acquired in 2015. This MSA for multiple U.S. projects has a potential totaling up to 718 MW. With today's order, Vestas has announced orders against that agreement representing 453 MW.

"We've had an excellent track record with Vestas turbines in Maine," said Paul Gaynor, SunEdison's Executive Vice President for Europe, Americas and MENA. "We're glad to be moving ahead with what will be New England's largest wind energy project."

"New England suffers every year from high and extremely volatile energy prices," says Chris Brown, President of Vestas' sales and service division in the United States and Canada. "Wind power is available at a competitive price, with zero fuel cost. Integrating wind into the New England electric power system protects consumers from future price instability introduced by overdependence on natural gas. We are delighted to continue our strategic partnership with SunEdison, one of the most committed and resourceful renewable energy developers in the world."

For more information, please contact:
Michael Zarin, Head of External Communications & Media Relations
Tel: +45 4084 1526
Email: [email protected]

About Vestas
Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas' more than 54,200 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence. Vestas has delivered wind energy in 73 countries, providing jobs for around 18,200 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 percent more megawatts installed than anyone else in the industry, and more than 68 GW of cumulative installed capacity worldwide, Vestas is the undisputed global leader in wind energy.

Vestas sold its first wind turbines in the United States in 1980, and established its North America subsidiary the following year. As of 31 March 2015, Vestas had installed about 13,200 MW in the USA. In 2014, Vestas announced 2.2 GW of orders for delivery in the USA. Approximately 3,750 employees work in our four Colorado factories, in our sales and service headquarters in Portland, Oregon, and at close to 200 wind sites currently under service contract with Vestas.

We invite you to learn more about Vestas by visiting our website at www.vestas.com and following us on our social media channels:
• www.twitter.com/vestas
• www.linkedin.com/company/vestas
• www.facebook.com/vestas
• https://plus.google.com/+vestas

About SunEdison
SunEdison is the world's largest renewable energy development company and is transforming the way energy is generated, distributed, and owned around the globe. The company develops, finances, installs, owns and operates renewable power plants, delivering predictably priced electricity to its residential, commercial, government and utility customers. SunEdison is one of the world's largest renewable energy asset managers and provides customers with asset management, operations and maintenance, monitoring and reporting services. Corporate headquarters are in the United States with additional offices and technology manufacturing around the world. SunEdison's common stock is listed on the New York Stock Exchange under the symbol "SUNE.www.sunedison.com.

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