SunEdison is reviewing strategic alternatives to more effectively align the company structure as a sponsor in a long term asset ownership platform, through its TerraForm platform. The most efficient and commonly utilized structure by sponsors of yield vehicles is the general partnership (GP) structure in a master limited partnership (MLP). SunEdison is considering a range of alternatives that will drive greater value and enable the efficient return of capital to shareholders, while maximizing its growth opportunities.

"Given the transformative activities that we have undertaken over the past year, including accelerating the value of SunEdison's IDRs in TerraForm Power and progress growing the TerraForm platform, a thorough review of the Company structure is deemed prudent given our transition into a sponsor of long-term asset ownership vehicles," said Ahmad Chatila, President and Chief Executive Officer of SunEdison.  "This review is part of our strategic effort to more effectively position the company to maximize shareholder value."

SunEdison's Board authorized this strategic review. SunEdison expects to conclude its strategic review before the end of the year. However, no specific timetable has been set, and there can be no assurance that any transaction will take place. Likewise, no decision has been made on the timing or terms of any such transaction if one were to occur.