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The February 20, 2009
SunEdison, the leading operator of photovoltaic solar power plants in the United States, with both the highest number of installations and the highest solar energy capacity (in MWh) in North America, has decided to consolidate its European presence by locating its French head office in Paris.
This US company already has subsidiaries in Canada, Spain, Italy and Germany. SunEdison's aim is to become a new force driving economic growth, creating jobs and added value in France: since 2008 the company has directly created more than 50 jobs and will have a workforce of more than 80 by the end of 2009.
SunEdison's expansion in France is based on working with local partners: the group launched its operations here by signing two major collaboration contracts with the leading nationwide operators in the sector. The brand already has an extensive track record and unique expertise in the field of building integrated systems in the United States; its impressive client portfolio (including Wal-Mart, Staples, the state of California, etc.) gives it the capability to develop a range of solutions tailored to the needs of French clients:
PREDA advised SunEdison on the creation of its legal structure, tax issues and company registration formalities, and put the company in touch with an expert in this area. We also supplied information on potential locations and costs.
Since its foundation in the United States in 2003, SunEdison has developed, financed, constructed and operated solar installations on rooftops and at ground level, following a commercial model which simplifies solar photovoltaic energy and generates profits for developers, installers, manufacturers, businesses, local/regional authorities, electricity providers and consumers. SunEdison has simplified access to solar energy, developing a commercial model which makes photovoltaic energy an accessible resource. Its mission is to make solar energy a viable alternative to traditional energy sources. In many European countries where the law guarantees a long-term feed-in tariff for photovoltaic electricity production this is a commercial model that can benefit project developers, installers, suppliers and owners of rooftops and real estate.
update April 17, 2012