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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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October 1, 2014
07:35 EDTSUNESunEdison begins production of its advanced low cost polysilicon technology
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September 30, 2014
17:36 EDTSUNESunEdison reports Jordan power plant construction to begin in Q4
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September 29, 2014
08:35 EDTSUNESunEdison files confidential S-1 for SunEdison emerging markets yield vehicle
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September 25, 2014
06:04 EDTSUNEStocks with implied volatility movement; SUNE ANR
Stocks with implied volatility movement; SunEdison (SUNE) 57, Alpha Natural (ANR) 85 according to iVolatility.
01:10 EDTSUNESunEdison spikes higher on heavy volume, levels to watch
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September 24, 2014
16:01 EDTSUNEOptions Update; September 24, 2014
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12:22 EDTSUNEGE says not in talks to acquire SunEdison, Bloomberg reports
Bloomberg cites a GE (GE) spokesperson, who has refuting earlier rumors that the company was considering a purchase of SunEdison (SUNE).
10:51 EDTSUNESunEdison spikes higher on heavy volume, levels to watch
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10:14 EDTSUNESunEdison call volume attributed takeover speculation
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10:06 EDTSUNERumor: SunEdison strength attributed to takeover speculation
September 22, 2014
07:33 EDTSUNESunEdison to install 241 kW of solar PV micro-grids in Indian villages
SunEdison announced a new project that will install 241 kilowatts of solar PV micro-grids with battery storage in 54 remote Indian villages, bringing electricity access to 7,800 off-grid individuals. Under the Indian government's decentralized distribution generation scheme administered by the Rural Electrification Corporation and Andhra Pradesh Eastern Power Distribution Company Limited, SunEdison will build, operate and then transfer the facilities to the public within five years. SunEdison also announced a new grant to enable 200 salt farmers in the Little Runn of Kutch area of India to purchase solar water pumps. The solar water pumps will be used by the families to pump brine and ultimately to produce salt. SunEdison will begin construction of the mini-grids in October and plans to commission them by March 2015. Capacity building and installation of the solar water pmps will begin in November of this year.
September 19, 2014
07:32 EDTSUNESunEdison completes 1.8MW solar electric solar power plant in New Bedford
SunEdison announced the completion of a 1.8 megawatt DC solar power plant constructed on a remediated EPA Superfund site in New Bedford, Massachusetts. The system was developed on approximately 10 acres of land on the remediated Sullivan's Ledge landfill site and represents another significant step towards meeting the City of New Bedford's goal to satisfy 60% of their electricity needs from solar power. SunEdison partnered with BlueWave Capital to develop the project, arranged construction financing and permanent financing for the project, and managed local partners to provide EPC services. In addition to owning and hosting the site, the City of New Bedford signed a 20-year net credit purchasing agreement with SunEdison at rates that will significantly reduce its electricity costs. The savings generated from the Sullivan's Ledge system are estimated to total over $76,000 annually and $1.8 million dollars over the term of the agreement.

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