NRCO Solar RFP Winner Announced

CARMEL, Ind., Sept. 26, 2011 /PRNewswire/ — The National Renewables Cooperative
Organization (NRCO) announced today that one of its members, Southern Maryland
Electric Cooperative (SMECO), has engaged SunEdison to develop a 5.5 MW AC solar
facility. SMECO will own and operate the facility through a wholly owned
subsidiary, SMECO Solar LLC.

Pending approval from the Maryland Public Service Commission and final
engineering and permitting, the solar farm is planned to be a 5,500 kilowatt
(AC) solar photovoltaic facility to be located on 47.2 acres of land owned by
SMECO in Hughesville, Maryland, adjacent to SMECO’s new Engineering and
Operations Building. The solar facility is scheduled to reach full commercial
operation in early 2013. The facility is expected to supply generation of 8,471
MWh in its first year of operation and will be net metered with SMECO’s
Engineering & Operations Building, which will consume over 10% of the project
output. The project will generate electricity for at least 20 years.

The project is the result of a request for proposals that was issued by NRCO on
behalf of SMECO in March of this year. After receiving a robust response to the
RFP, NRCO and SMECO spent the summer evaluating the 30 submissions. NRCO and
SMECO carefully considered many diverse attributes of specific projects before
selecting SunEdison and to pursue project ownership over a purchase power
agreement. NRCO and SMECO are looking forward to working with SunEdison, a
worldwide leader in solar project development headquartered in Beltsville, MD.
NRCO and SMECO are also excited about this opportunity to bring locally sourced
green energy to the cooperative members in southern Maryland.

This project is the first solar project that NRCO has facilitated for SMECO,
though it is the third renewable project. SMECO previously purchased the energy
and environmental attributes of two wind projects through NRCO’s subscription
process. Producing solar renewable energy will help SMECO fulfill its renewable
portfolio obligation as required by the state. Utilities are obligated to
purchase .1 percent of their load from solar energy resources in 2012; that
percentage increases each year thereafter. Utilities that don’t purchase the
required amount of solar energy must buy renewable energy credits or pay a
penalty.

“The administration of this RFP and the selection of a development partner, as
well as the creation of SMECO Solar LLC, represent the fulfillment of several of
NRCO’s strategic goals to bring affordable, green energy to our cooperative
members. We congratulate SMECO on this exciting new venture and we thank all the
bidders who submitted proposals for their hard work and thoughtful responses,”
commented Amadou Fall, CEO of NRCO.

“We are making the most of our existing resources to increase our effectiveness
as a cooperative: land that was once used to produce tobacco will now be used to
produce electric energy,” according to Austin J. Slater, Jr., SMECO’s president
and CEO. “Working with NRCO and SunEdison has allowed us to develop a project
tailored to our needs that will benefit our customer-members. Through our
partnership, we will be able to obtain low-cost financing for infrastructure
that will increase the availability of solar resources within our service area.”

About NRCO:

Cooperatives across the country formed the National Renewables Cooperative
Organization (NRCO) to promote and facilitate the development of renewable
energy resources for its members. NRCO’s main purposes are to facilitate the
cost-effective, joint development of renewable resources nationwide for its
cooperative owners, helping its owners meet the requirements of voluntary and
mandatory Renewable Energy Standards (RES).

Membership in the NRCO is open to generation and transmission cooperatives
(G&Ts) and distribution cooperatives that have the legal ability to buy power in
the wholesale market. Members located in areas that may not have renewable
resources can participate in projects across the United States through renewable
projects originated and/or developed by NRCO. For more information, please visit
www.nrco.coop.

About SMECO:

SMECO is a customer-owned electric distribution cooperative based in
Hughesville, MD and serving 150,000 customers. SMECO serves southern Prince
George’s County, Charles County, St. Mary’s County, and all but the northeast
portion of Calvert County. SMECO contracts with wholesale power providers to
meet the energy needs of its members. For more information on SMECO visit
www.smeco.coop

MEDIA CONTACTS:
Katie Ellis, Renewables Developer, NRCO katie.ellis@nrco.coop
Todd Bartling, Vice President of Renewables Development, NRCO
todd.bartling@nrco.coop

SOURCE National Renewables Cooperative Organization