MEMC Electronic Material (NYES: WFR) is on a quest to build a smart grid. One of its subsidiaries, SunEdison has an innovative business model that is underestimated. SunEdison, approximately an 8th of MEMC's business in terms of size, offers companies extremely viable solutions to switch to solar power. From another company's perspective, their electricity bill simply drops, saving the company money. From SunEdison's point of view, the company will own a large array of solar panels that generate massive amount of electricity in sunny areas of the world. SunEdison signs a 20-year contract with other companies to sell them back the electricity, which aids to quickly recover back the cost of the solar panels. Over the years, installation costs of solar panels has dropped dramatically, a large plus for SunEd. If the solar company has excess capacity, it may be able to sell it back to the grid in the future, or power other buildings and factories. The company has operations worldwide.To read the full report click here.
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