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Stock Market & Financial Investment News

News Breaks
June 17, 2014
17:02 EDTAES, SUNESunEdison, Riverstone Holdings to partner in Silver Ridge Power JV
SunEdison (SUNE) has reached a definitive agreement to acquire a 50% ownership stake in Silver Ridge Power, or SRP, from a subsidiary of The AES Corporation (AES). Through its ownership in the SRP joint venture, SunEdison will own 50% of 336 MW of solar power plant operating projects and a 40% interest in the Tenaska Imperial Solar Energy Center West 183 MW solar power facility to be completed in 2016. SRP's assets include the currently operating 266 MW Mt. Signal solar project in California. The acquisition is expected to close in late June 2014, subject to customary closing conditions and receipt of regulatory approvals. Following the acquisition, the remaining 50% of SRP will continue to be held by an affiliate of Riverstone Holdings. After closing, Riverstone and SunEdison expect the joint venture to contribute the Mt. Signal project to SunEdison's yieldco subsidiary. In addition, following completion of the Tenaska Imperial Solar Energy Center West project, and subject to customary closing conditions and receipt of regulatory approvals, SunEdison expects to acquire Riverstone's share of SRP's interest in Tenaska Imperial Solar Energy Center West and to contribute a total of a 40% interest in Tenaska Imperial Solar Energy Center West to SunEdison's yieldco subsidiary in 2016.
News For SUNE;AES From The Last 14 Days
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March 26, 2015
07:33 EDTSUNESunEdison partners with City of Long Beach to provide 2.5MW of solar power
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March 25, 2015
07:31 EDTSUNESunEdison purchases 1K energy storage systems from Imergy
SunEdison announced that it plans to purchase up to 1,000 vanadium flow batteries from Imergy Power Systems. The vanadium flow batteries will be used to store solar-generated electricity for SunEdison's rural electrification and solar powered minigrid projects in India. SunEdison will also increase its equity investment in Imergy. This aims to strengthen the supply relationship between the two companies as SunEdison begins deployment of its extensive rural electrification program in India.
March 18, 2015
07:32 EDTSUNESunEdison to provide Georgetown, Texas, with 150 MW of solar power
SunEdison (SUNE) will construct new solar plants in West Texas to supply the City of Georgetown with 150 MW of solar power for 25-years. The SunEdison solar plants will be interconnected in 2016, and will provide over 9,500 gigawatt-hours of clean energy to Georgetown through 2041. Upon completion, SunEdison expects to offer this project for investment to TerraForm Power (TERP).
March 12, 2015
10:17 EDTSUNESunEdison extends contract for CEO Ahmad Chatila to 2019
In a regulatory filing, SunEdison reports that on March 10, the company and CEO Ahmad Chatila entered into an amendment to his contract. The term of the contract was extended four years, to expire March 10, 2019. The term will renew automatically for successive one-year terms after March 10, 2019 if not terminated earlier.

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