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USSaudiForum - Plenary Session - Ahmad Chatila - Renewable Energy and Sustainability
USSaudiForum - Plenary Session - Ahmad Chatila - Renewable Energy and Sustainability
USSaudiForum - Plenary Session - Ahmad Chatila - Renewable Energy and Sustainability
USSaudiForum - Plenary Session - Ahmad Chatila - Renewable Energy and Sustainability
USSaudiForum - Plenary Session - Ahmad Chatila - Renewable Energy and Sustainability
USSaudiForum - Plenary Session - Ahmad Chatila - Renewable Energy and Sustainability
USSaudiForum - Plenary Session - Ahmad Chatila - Renewable Energy and Sustainability
USSaudiForum - Plenary Session - Ahmad Chatila - Renewable Energy and Sustainability
USSaudiForum - Plenary Session - Ahmad Chatila - Renewable Energy and Sustainability
USSaudiForum - Plenary Session - Ahmad Chatila - Renewable Energy and Sustainability
USSaudiForum - Plenary Session - Ahmad Chatila - Renewable Energy and Sustainability
USSaudiForum - Plenary Session - Ahmad Chatila - Renewable Energy and Sustainability
USSaudiForum - Plenary Session - Ahmad Chatila - Renewable Energy and Sustainability
USSaudiForum - Plenary Session - Ahmad Chatila - Renewable Energy and Sustainability
USSaudiForum - Plenary Session - Ahmad Chatila - Renewable Energy and Sustainability
USSaudiForum - Plenary Session - Ahmad Chatila - Renewable Energy and Sustainability
USSaudiForum - Plenary Session - Ahmad Chatila - Renewable Energy and Sustainability
USSaudiForum - Plenary Session - Ahmad Chatila - Renewable Energy and Sustainability
USSaudiForum - Plenary Session - Ahmad Chatila - Renewable Energy and Sustainability
USSaudiForum - Plenary Session - Ahmad Chatila - Renewable Energy and Sustainability
USSaudiForum - Plenary Session - Ahmad Chatila - Renewable Energy and Sustainability
USSaudiForum - Plenary Session - Ahmad Chatila - Renewable Energy and Sustainability
USSaudiForum - Plenary Session - Ahmad Chatila - Renewable Energy and Sustainability
USSaudiForum - Plenary Session - Ahmad Chatila - Renewable Energy and Sustainability
USSaudiForum - Plenary Session - Ahmad Chatila - Renewable Energy and Sustainability
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USSaudiForum - Plenary Session - Ahmad Chatila - Renewable Energy and Sustainability

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The 3rd US-Saudi Business Opportunities Forum was held Sep 16-18, 2013, bringing together officials, business people, educators and specialists highlighting the U.S.-Saudi trade relationship and how …

The 3rd US-Saudi Business Opportunities Forum was held Sep 16-18, 2013, bringing together officials, business people, educators and specialists highlighting the U.S.-Saudi trade relationship and how U.S. companies can participate in Saudi Arabia's expansion.

Saudi Arabia is undergoing an extraordinary economic boom. Massive public investment, rapid private-sector growth and new sector initiatives are driving an expansion projected to offer more than $1 trillion in trade and investment opportunities over the next decade.

This panel of distinguished experts highlighted renewable energy and sustainability and developing solutions for the future.

Published in: Business, Technology
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  • 1. SunEdison Ahmad Chatila, President & CEO US-Saudi Business Forum Los Angeles, CA September 18, 2013
  • 2. P. 2 | SunEdison Disclaimer on Forward Look Statements DISCLAIMER ON FORWARD LOOKING STATEMENTS: With the exception of historical information, the matters disclosed in this presentation are forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Potential risks and uncertainties are described in the Company‟s filings with the Securities and Exchange Commission (SEC), including its 2011 Form 10-K, and Q1 2012, Q2 2012 and Q3 2012 Form 10-Qs. These forward-looking statements represent the Company‟s judgment as of the date of this presentation. The Company disclaims, however, any intent or obligation to update these forward-looking statements.
  • 3. P. 3 | SunEdison Agenda 1. Introduction & History 2. Market Trends 3. Manufacturing Technology 4. Solar Power Applications
  • 4. P. 4 | SunEdison >50 Years as a Technology Leader 1959 Monsanto Electronic Materials Company (MEMC) formed 1962 Czochralski (CZ) silicon crystal process developed 1965 MEMC develops polishing process for silicon wafers 1975 First commercial production of 100mm wafers 1984 Commercialized 200mm wafers 1989 MEMC acquired by E.ON affiliate 1991 300mm wafers developed 1995 MEMC IPO on the NYSE 2002 Significant 300mm expansion 2004 Crossed $1B revenue mark; acquired Taisil 2005 First 300mm production in Taiwan 2006 Entered the solar PV wafer market on a large scale 2007 MEMC added to S&P 500; began solar wafer deliveries 2009 Acquired SunEdison and expanded into solar energy market 2010 Acquired Solaicx and Continuous Czochralski (CCZ) technology 2011 SunEdison one of the largest global solar PV companies
  • 5. P. 5 | SunEdison Global Presence Utsunomiya, Japan St. Peters, Missouri Novara, Italy Hsinchu, Taiwan Chonan, South Korea Portland, Oregon Manufacturing Facilities Sales & Support Offices SunEdison Offices Belmont, California Beltsville, Maryland Athens, Greece Bangkok, Thailand Barcelona, Spain Chennai, India Denver, Colorado Dubai, U.A.E. Lecce, Italy Madrid, Spain Milan, Italy Minden, Nevada Pennsauken, New Jersey Portland, Oregon Prescott, Arizona Recife, Brazil Sacramento, Califormia Chonan, South Korea Hsinchu, Taiwan Ipoh, Malaysia Kuala Lumpur, Malaysia Kuching, Malaysia Novara, Italy Pasadena, Texas Portland, Oregon St. Peters, Missouri Sherman, Texas Utsunomiya, Japan Hsinchu, Taiwan Novara, Italy Paris, France Shanghai, China Santa Clara, California Sherman, Texas Singapore Seoul, South Korea St. Peters, Missouri Tokyo, Japan Ipoh, Malaysia Pasadena, Texas* Kuala Lumpur, Malaysia Kuching, Malaysia San Francisco, California San Juan, Puerto Rico Sao Paulo, Brazil Santiago, Chile Seoul, South Korea Shanghai, China Singapore Tokyo, Japan Toronto, Canada * Indicated locations are Polysilicon manufacturing facilities Sherman, Texas
  • 6. P. 6 | SunEdison Electricity Markets Will Drive Solar Industry Sources: IHS, EPIA Historic Subsidy-driven Solar Markets Future Economy-driven Electricity Markets  Countries with (a) large electricity markets and (b) high irradiation levels • Also markets with new generation capacity needs (growth or substitution)  Countries at „grid parity‟ (segment-dependent) • Political support still expected  Potential market = Millions people huge annual electricity demand  Markets enabled through public policy measures • E.g. ITC, FiTs, ROCs, GCs, tenders, etc.  Over 100 GW of PV installed worldwide Transition period 2-5 years Past Future
  • 7. P. 7 | SunEdison Addressable Solar PV Market is Large ROW Middle East LatAm Germany Japan India China USA 2020 105 2019 89 2018 76 2017 64 2016 55 2015 47 2014 41 2013 33 2012 31 Annual Installations (GWs) Source: 2012-2016 installations based on IHS, GTM and SunEdison. 2017-2020 extrapolated from 2015-2016 growth rate Addressable Market Through 2020 Nears:  500 GW, and  $1 Trillion (cumulatively)
  • 8. P. 8 | SunEdison Transition Toward Distributed Generation 20 24 2015 47 9 17 20 2014 41 9 15 15 2013 33 8 12 12 2012 31 7 11 12 22 33 45 2019 89 4 18 29 38 2018 76 3 15 25 32 2017 64 11 22 27 2016 55 13 RSC Utility-Scale DG 2020 105 5 Off-Grid Source: 2012-2016 installations based on IHS, GTM and SunEdison. 2017-2020 extrapolated from 2015-2016 growth rate Utility (>10MW), Commercial (10kw-10MW), Residential (<10Kw) Annual Installations (GWs)Market Segment Shift  Toward Distributed Generation (DG) & Residential & Small Commercial (RSC) • Higher value segments  Utility to see competition from other central generation sources
  • 9. P. 9 | SunEdison Business and Served Markets Ingot Wafers Cells / Modules Systems Ingot Wafers Semiconductors Electronics Polysilicon Semiconductors Solar PV MEMC MEMC Single Crystalline High Efficiency Multi Crystalline Std Efficiency MEMC Semi & solar grade, FBR granular and Siemens chunk ~$100 per unit <$1 per unit
  • 10. P. 10 | SunEdison Company 15,16,17 Company18 Company 14 Company12 Company13 Company9 Company6 Company7 Company5 Company2 Polysilicon Capacity & Demand Company4 Other companies Company1 Company10 Company11 Company8 Company 3 Variable Cost of Production ($/kg) Volume (MT/yr) Current Spot Prices $17-19/kg 50k 100k 150k 200k 250k 300k 0 $40 $30 $20 $10 Source: Bloomberg New Energy Finance Note: Demand estimates 197k to 230k MT in 2013; electronics market is estimated at 27k MT. Solar Poly Demand BNEF 1Q13 Forecast 190k MT – 230k MT SMP 10k MT FBR Capacity with Industry Leading Cost <$15/kg all in SMP JV 4Q13 Ramp at Industry Leading Costs (All In) High Pressure Fluidized Bed Reactors (FBRs) produces flowable and high packing density process  Greatly improves productivity  Lowers CapEX
  • 11. P. 11 | SunEdison Mono at Multi Cost  CCz enables “continuous pull”  Tighter resistivity forms the basis for higher efficiencies MCLT is Minority Carrier Life Time CCz Puller Conceptual Illustration Recharge basket Silicon Melt Continuous Recharge $0 $5 $10 $15 $20 $25 $30 $35 DSS (Multi) Cz (Mono) CCz (Mono) Fully Loaded Conversion Cost ($/kg) Conversion Cost ($/kg) Range
  • 12. P. 12 | SunEdison Diamond Coated Wire (DCW) Wafering DCW Wire Post wafering, prior to separation $0.00 $0.10 $0.20 $0.30 $0.40 Std Slurry Cut DCW Wafer Cost ($/wafer) ~25% Leading the Transition to DCW  Nearly twice the cutting speed  No slurry, lower kerf loss  Lower overall wafering cost
  • 13. P. 13 | SunEdison System Economics $0.00 $1.00 $2.00 $3.00 $4.00 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4E 1QE 2QE 3QE 4QE 2007 2008 2009 2010 2011 2012 2013 Module ASP  Module ASPs dropped faster than BoS cost  PV modules were ~2/3rd the system cost in 2008  Now the module is only ~1/3rd the system cost  Higher module efficiency reduces BoS cost  efficiency is increasingly more important 2008 BoS Module 2010 PV Module vs BoS Cost Source: Module ASP blended average of prices reported by top tier suppliers. 2012
  • 14. P. 14 | SunEdison “440 Goal” – 400Wp at $0.40/Wp by 2016 “440 Goal”  400Wp Module  at $0.40/Wp  by 2016 Note : Cost includes opex, silicon, son-silicon, depreciation, warranty and inbound freight and excludes corporate general & admin. expenses)
  • 15. P. 15 | SunEdison Innovative Financing Structures SunEdison has an unparalleled track record in creating bankable and replicable structures to finance aggregated solar portfolios that are widely accepted by the market ($2.5 bn in total financing) SunE Solar Fund I/II Project Finance Partnership 23 Project Aggregation SunE Solar III/IV Project Finance Sale-Leaseback 195 Project Aggregation SunE Solar V, V-B, V-C Project Finance Sale-Leaseback 33 Project Aggregation SunE Alamosa1 Project Finance Sale-Leaseback 8.2 MW Substation PV Plant SunE Solar VI Project Finance Sale-Leaseback 4 Project Aggregation (4.9 MW) SunE Solar VII Project Finance Sale-Leaseback 4 Project Aggregation (3.6 MW) Working Capital Facilities Project Finance Loan Solar Loan Program (NJ) 11 Project Aggregation SunE Solar IX Project Finance Sale-Leaseback 10.1 MW Substation PV Plant SunE Solar X Project Finance Sale-Leaseback $60 million Direct Lease Kohl’s Department Stores 10 Project Aggregation Global Solar Fund/Joint Venture Levered Equity $1.5 billion Rovigo, Italy €276 mm, 70 MW Joint Venture Catalonia, Spain Equity Placement 3 Project Aggregation (4.4 MW) Puglia, Italy Levered Equity 10 Project Aggregation (9.5 MW) Catalonia, Spain Project Finance Loan 2 Project Aggregation Recovery Zone Facility Bonds 20+ Project Aggregation SunE Sky First Light, LP Project Finance Loan 9.0 MW PV Plant (Ontario) Project Finance Loan 37.0 MWs PV Plants (Ontario) Private Equity Financings 15 SunEdison Confidential & Proprietary
  • 16. P. 16 | SunEdison Solar Applications across industries Commercial REITs & Developers Public Sector Utility 16 SunEdison Confidential & Proprietary
  • 17. P. 17 | SunEdison Commercial Scale Projects Whole Foods Market WalMartStaples, Inc. AT&T Kohl‟s P&G Anheuser- Busch Macy‟s SuperValu
  • 18. P. 18 | SunEdison Utility Scale Projects Rovigo, Italy – 70 MW Karadzhalovo, Bulgaria – 60 MW Colorado, USA – 8 MW MASDAR City, U.A.E. – 1 MW Cádiz, Spain – 2.3 MW Campania, Italy – 20 MW
  • 19. P. 19 | SunEdison Growing Global Market Share 2009 2010 2011 2012 MWs 40 167 296 450 Share 0.7% 1% 1.4% 1.8% Global Rank 11 5 4 2 source: IMS
  • 20. P. 21 | SunEdison Horticulture Department , Rajasthan  Number of Pumps allotted to SunEdison : 230  Beneficiary: Farmers  Type of Irrigation: Drip  System Size : 3 HP (3kW)
  • 21. P. 22 | SunEdison Solar for Transforming Lives Through Innovation
  • 22. P. 23 | SunEdison SunEdison Company Highlights SunEdison Is a Global Leader in Semiconductor Products and Solar Energy  Formed in 1959  Listed on NYSE (WFR), Member of Fortune 1000  5,000+ employees in 25 global locations  Manufacturing plants on 3 continents and client operations on 5 continents  ≈1 GW of PV developed and installed worldwide (4Q12)  2.6GW of projects pipeline and backlog (4Q12) KEY MILESTONES 1959 Monsanto Electronic Material Company formed 1962 CZ silicon crystal process developed 1975 First commercial production of 100mm wafers 1995 MEMC I.P.O. on the NYSE 2003 SunEdison signs first solar PPA (Power Purchase Agreement) 2006 Announced entry into solar wafer market on a large scale 2009 MEMC acquires leading solar project developer SunEdison 2010 Acquired Solaicx and Continuous Czochralski (CCZ) technology 2010 SunEdison builds largest PV plant in Europe (70 MW) 2011 MEMC announces solar cell and module partnerships 2013 MEMC announces name change to SunEdison
  • 23. P. 24 | SunEdison SunEdison – Experience and Reach 917 MW of PV Interconnected ≈2.6 GW of PV Pipeline** 26 32 40 167 296 450 0 200 400 600 2007 2008 2009 2010 2011 2012 Interconnected PV Volume (MW/year) ● SunEdison connected 450 MW in 2012. ● Cumulative 921 solar power systems interconnected Geographical Diversification* USA: 439 MW Bulgaria: 60 MW Canada: 63 MW India: 54 MW Spain: 29MW Italy: 199 MW Thailand: 26 MW Korea: 32 MW Brazil: 0.5 MW UAE: 1 MW ● SunEdison has ≈2.6 GW of pipeline and continues to work of „green-field‟ development for new projects *Figures refer to projects in operation and under construction; **A solar project is classified as "pipeline" where SunEdison has a signed or awarded PPA or other energy off- take agreement or has achieved each of the following three items: site control, an identified interconnection point with an estimate of the interconnection costs, and an executed energy off-take agreement or the determination that there is a reasonable likelihood that an energy off-take agreement will be signed. Mexico: 0.3 MW US 48% EMEA & LA 21% Emerging Markets 17% Canada 14% 10 ≤ MW <50 33% 1 ≤ MW <10 10% MW≥100 26% MW <1 9% 50 ≤ MW <100 22% Pipeline by Region Pipeline by Project Size
  • 24. P. 25 | SunEdison SunEdison is the RIGHT Partner in Solar PV  Industry leading PV Performance Roadmap  Manufacturing technology and capabilities  Holistic view for system level performance  Lower capital cost per unit capacity  Market leading production costs  Durable cost model over business cycles  Committed Partner for Long Term Success  >1GW installed base w/ after market support  Experience over broad technology base

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