MEMC Issues Statement To Clarify Its Solar Plans In Japan
ST. PETERS, Mo., Jan. 17, 2012 /PRNewswire/ -- MEMC Electronic Materials, Inc. (NYSE: WFR) today commented on various news articles and Internet reports regarding SunEdison's involvement in the Japan solar market.
The company is aware of certain media reports during the past 24 hours regarding SunEdison's future plans for solar project development in Japan. While SunEdison remains interested in this market, the company's plans in Japan are not yet firm due to uncertain project economics. Feed-in-tariff rates have not been determined by Japanese officials, and therefore neither project pricing nor project costs can be known at this time. As a result, the size of SunEdison's future investment in solar project development in Japan, if any, has not yet been determined. As the company's plans in this market evolve, appropriate public announcements will be made to keep investors informed.
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". For more information about MEMC, please visit www.memc.com.
SOURCE MEMC Electronic Materials, Inc.