BELMONT, Calif., April 16, 2015 /CNW/ -- SunEdison, Inc. (NYSE: SUNE), the world's largest renewable energy development company, today announced that Cathy Zoi has been appointed Chief Executive Officer responsible for developing SunEdison's rural electric utility company, which plans to profitably electrify 20 million new or underserved electric customers by 2020.
"Beyond the massive market opportunity in grid-connected power, billions of people worldwide don't have regular access to electricity," said Ahmad Chatila, President and Chief Executive Officer at SunEdison. "Cathy Zoi, who brings a deep background in both business and public service, is joining us to rapidly grow the rural electric utility opportunity we unveiled in New York after our Capital Markets Day in February. We are committing to bringing electricity to one million people by the end of 2015, and are targeting to help 20 million people gain access to electricity by 2020."
"SunEdison's strong presence in emerging markets, like India and Brazil, has created significant commercial momentum in the rural electrification and microgrid markets," said Cathy Zoi, SunEdison's newly appointed rural electric utility company CEO. "We intend to create the world's first private electric utility, with a global footprint, to address this underserved market profitably."
Cathy Zoi has spent 30 years in the energy and environmental sectors, both in business and public service. She was a partner at Silver Lake Kraftwerk, as well as an operating executive in energy companies. Ms. Zoi was the founding CEO of the Alliance for Climate Protection, which she launched with former U.S. Vice President Al Gore, as well as the CEO of the Sustainable Energy Development Authority, a fund to commercialize greenhouse-friendly technologies in Australia. She also served as Acting Under Secretary and Assistant Secretary in the U.S. Department of Energy in the Obama Administration and at the U.S. Environmental Protection Agency as a pioneer of the Energy Star Program. Ms. Zoi has a B.S. in Geology from Duke and an M.S. in Engineering from Dartmouth.
Ms. Zoi, who is currently a Consulting Professor at Stanford University, where she co-founded and directs the Energy Transformation Collaborative (ETC), will formally commence with SunEdison in June at the end of Stanford's academic year.
SunEdison is the world's largest renewable energy development company and is transforming the way energy is generated, distributed, and owned around the globe. The company manufactures solar technology and develops, finances, installs, owns and operates wind and solar power plants, delivering predictably priced electricity to its residential, commercial, government and utility customers. SunEdison is one of the world's largest renewable energy asset managers and provides asset management, operations and maintenance, monitoring and reporting services for its renewable energy customers around the world. Corporate headquarters are in the United States, with additional offices around the world. SunEdison's common stock is listed on the New York Stock Exchange under the symbol "SUNE." To learn more visit www.sunedison.com.
SOURCE SunEdison, Inc.
For further information: Press: Tory Patterson, Grayling for SunEdison, SunEdison@grayling.com, +1 (619) 269-9518; Investors/Analysts: R. Phelps Morris, SunEdison, pmorris@SunEdison.com, +1 (314) 770-7325, http://www.sunedison.com