MEMC Electronic (WFR) Says SunEdison Investment in Japan Not Yet Determined
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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.
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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.
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