SunEdison
Encyclopedia
Sun Edison LLC owns and operates power plants in North America and provides solar-generated energy to commercial, government, and utility customers. The company provides solar energy services, which include renewable power, monitoring, marketing, renewable portfolio standards, and solar tariff services. Sun Edison LLC was founded in 2003 by Jigar Shah and is headquartered in Beltsville, Maryland with additional offices in Denver, Colorado and San Clemente, Sacramento, and Ontario, California.

In January 2008 SunEdison started construction of seven megawatts (MW) of photovoltaic (PV) solar power plants in Spain. In December 2007, SunEdison completed an 8.22 MW, 80 acres (323,748.8 m²) solar power system in Colorado. SunEdison has over 52 MW of hands-on installation experience and over 31 MW under management.

In November of 2009, SunEdison was purchased for $200 million by MEMC Electronic Materials
MEMC Electronic Materials
MEMC Electronic Materials is a United States manufacturer of silicon wafers for the semiconductor industry. The company's stock is part of the S&P 500 stock index. Originally established in 1959 as the Monsanto Electronic Materials Company, a business unit of Monsanto Company, the company is...

, with potential for an additional $123 million earnout in stock and cash based on business performance.

In October 2011, SunEdison moved their headquarters from Maryland to Belmont, California
Belmont, California
Belmont is a city in San Mateo County, California, United States. It is in the San Francisco Bay Area, located half-way down the San Francisco Peninsula between San Mateo and San Carlos. It was originally part of the Rancho de las Pulgas, for which one of its main roads, the Alameda de las Pulgas,...

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