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Stock Market & Financial Investment News

News Breaks
June 19, 2014
17:03 EDTSUNESunEdison, Blue Wave Capital agree to 50 MW portfolio acquisition
SunEdison and BlueWave Capital announced that SunEdison has agreed to purchase 50 megawatts MW of solar photovoltaic PV projects from BlueWave Capital, the largest acquisition of solar assets in Massachusetts history. The agreement includes twelve projects jointly developed by BlueWave and SunEdison across Massachusetts, many of which are expected to be operational by June 30 of this year and all of which have qualified under the Massachusetts SREC I or SREC II incentive programs. The electricity cost savings associated with the projects are estimated to total nearly $85M over the next 20 years. The environmental benefits of the projects are considerable as well. Over the life of the projects the carbon dioxide reductions that are expected to be realized are equivalent to taking approximately 150,000 cars off the road, or preserving more than 6, 000 acres of forest.
News For SUNE From The Last 14 Days
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April 21, 2015
07:16 EDTSUNESunEdison and TerraForm close financing for portfolio of 97 MW of solar projects
SunEdison (SUNE) and TerraForm (TERP) announced that they have closed financing of a 97 megawatts DC portfolio of utility-scale photovoltaic solar projects in the UK that were connected during the first quarter of 2015. The portfolio is comprised of eight large-scale solar farms across England and Wales that will have the combined capacity to power nearly 30,000 homes per year. Individual project size varies from 6 to 19 MW. Financing for the construction of the solar farms has been provided by Bayerische Landesbank, which provided a GBP 84.6 million non-recourse loan. EDF Energy, the UK's largest producer of low-carbon electricity, will purchase the solar energy under a 15-year power purchase agreement with SunEdison. As announced on March 31, 2015, TerraForm Power has acquired plants with a capacity of 53 MW from this portfolio. It intends to acquire the remaining 44 MW, currently included on SunEdison's Call Right Project List for TerraForm Power, during the second quarter of 2015.
April 16, 2015
11:27 EDTSUNESunEdison initiated with an Outperform at Avondale
Target $35.
April 9, 2015
07:32 EDTSUNESunEdison to construct three new solar power plants in Utah
SunEdison (SUNE) has signed agreements to construct and install three new utility-scale solar power plants in southern Utah with a total capacity of 262 MW DC. PacifiCorp will purchase the electricity through three 20-year power purchase agreements according to its obligation under the federal Public Utilities Regulatory Policies Act. Construction of the power plants is expected to begin in the fall of 2015 with commercial operations expected in 2016. These projects are on the Call Right Projects List for TerraForm Power (TERP). SunEdison anticipates offering these projects to TerraForm Power for investment upon completion.
April 8, 2015
16:06 EDTSUNESunEdison breaks ground on 22.6MW Seven Sisters solar plant in Utah
SunEdison broke ground for the 22.6 MW) DC Seven Sisters solar project in Southern Utah. The Seven Sisters are seven separate solar power plants. Rocky Mountain Power, a division of PacifiCorp will purchase the electricity under seven separate 20-year power purchase agreements with SunEdison. These projects are on the Call Right Projects List for TerraForm Power (TERP). SunEdison anticipates offering these projects to TerraForm Power for investment upon completion.
April 7, 2015
09:19 EDTSUNEFlextronics to manufacture solar modules for SunEdison
Flextronics (FLEX) announced that it has been selected to partner with SunEdison (SUNE) to manufacture its solar modules—this time, in Mexico. SunEdison is the world's largest renewable energy development company and these solar modules will be primarily used in the USA for residential, utility and commercial photovoltaic projects. Flextronics will begin the full volume manufacturing in the Q1 of FY15 at its center of excellence for solar module manufacturing facility in Ciudad Juarez, Mexico.

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