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Stock Market & Financial Investment News

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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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December 16, 2014
07:42 EDTSUNESunEdison closes $117M solar fund
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December 15, 2014
10:10 EDTSUNESolar stocks could be volatile ahead of ITC/ITA decisions, says Brean Capital
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07:37 EDTSUNESunEdison to invest over $700M to develop 350 MW of solar in Chile
SunEdison (SUNE) announced that the National Energy Commission in Chile has awarded SunEdison a contract to supply 570 gigawatt hours of clean energy a year. SunEdison noted that the National Energy Commission in Chile recently changed the bidding process used to award electricity supply contracts for the regulated market to create a more level playing field across different kinds of energy. With these changes, SunEdison was able to bid on and win supply contracts for 570 gigawatt hours of solar energy. SunEdison was awarded the provision of 190 gigawatt hours per year during the daytime block which begins in 2016 and a further provision of 380 gigawatt hours per during the daytime block which will become operational in 2017. To meet the demand, SunEdison will be investing more than $700M to develop 350 megawatts of utility scale solar photovoltaic power plants throughout the country. The plants will be added to the call right list of TerraForm Power (TERP), a global owner and operator of renewable energy power plants.

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