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Stock Market & Financial Investment News

News Breaks
June 29, 2014
17:00 EDTSUNESunEdison closes financing for merchant solar project in Chile
On Friday evening, SunEdison announced the closing of a $155M non-recourse debt financing arrangement with the Overseas Private Investment Corporation, OPIC, the U.S. Government's development finance institution, the Inter-American Development Bank, IDB, the largest multilateral lender to Latin America and the Caribbean, the Clean Technology Fund, CTF, a multinational fund whose resources are channeled by IDB to support investments aimed at having a transformational impact in the reduction of greenhouse gas emissions, and CorpBanca, one of the most important Chilean commercial banks. The debt proceeds will be used in Chile for the construction of a 72.8 MWp solar power plant, to inject energy directly into the Sistema Interconectado del Norte Grande, SING, selling all its production in the spot market. OPIC is providing $ 48.9M of debt, the IDB is providing $50.3M of debt directly and is also administering the $16Mof debt from the CTF, and CorpBanca is providing a parallel loan of $39.8M in addition to providing a local Chilean Peso VAT facility for the equivalent of $35M. CorpBanca's participation represents the first time a local bank is participating in the senior debt facility for a merchant solar project in Chile.
News For SUNE From The Last 14 Days
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July 6, 2015
19:01 EDTSUNEOn The Fly: After Hours Movers
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16:59 EDTSUNESunEdison, TerraForm report acquisition of 930 MW wind portfolio for $2B
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16:57 EDTSUNESunEdison, TerraForm acquire 930 MW contracted wind portfolio for $2B
July 2, 2015
05:30 EDTSUNESunEdison and Gamesa sign MOU to develop 1GW of wind power plants
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July 1, 2015
08:09 EDTSUNESunEdison closes financing and starts financing in wind energy project in Maine
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June 30, 2015
07:32 EDTSUNESunEdison inaugurates 50MW DC solar power plant in central India
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June 29, 2015
08:06 EDTSUNESunEdison and TerraForm announces closing of 521-MW Atlantic Power acquisition
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June 24, 2015
07:33 EDTSUNESunEdison and Green Charge Networks partner in solar energy plus storage system
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06:35 EDTSUNESunEdison Semiconductor enters into granular polysilicon supply agreement
In a regulatory filing, SunEdison Semiconductor (SEMI) disclosed that the company and SunEdison (SUNE) entered into a letter agreement regarding granular polysilicon supply matters. The agreement provides for a long-term supply by SUNE and the joint venture SMP of the company’s granular semiconductor grade polysilicon needs. The agreement provides for a fixed price per kilogram of the granular polysilicon for each year over the 10.5-year period of the agreement. The price for polysilicon decreases during the term of the Agreement. In exchange, the company has agreed to assign all of its share of the dividend and distributions from SMP to SUNE for the duration of the agreement. Because these arrangements are different than those originally agreed upon by and between SUNE’s subsidiary, SunEdison Producer Singapore Pte Ltd., and the company’s subsidiary, SunEdison Semiconductor B.V., relating to the SMP joint venture, the parties have agreed to take all necessary steps to provide for these changes in the original polysilicon supply agreement and to otherwise implement these provisions relating to SMP.
June 23, 2015
09:27 EDTSUNESunEdison shares should rise significantly on pending deal, says Wolfe Research
After an SEC filing revealed that SunEdison's (SUNE) captive yieldco, Terraform Power (TERP), is in talks to buy up to 1.2 GW of wind assets, ,Wolfe Research believes that the acquisition could enable Terraform to increase its dividends per share by about 87c. The firm thinks the deal could increase Terraform's stock value by $4-$7 per share. It says that these increases are not currently in its estimates, and it keeps a $44 price target and Outperform rating on SunEdison.
07:34 EDTSUNESunEdison completes 1MW DC canal top solar power plant for Karnataka Government
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