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Stock Market & Financial Investment News

News Breaks
July 22, 2014
07:03 EDTSUNESunEdison signs PPA with Southern Nevada Water Authority
SunEdison announced that it has signed a 20-year power purchase agreement, or PPA, with the Southern Nevada Water Authority, or SNWA. The power purchase agreement enables SNWA to lock in a significant portion of its energy costs at a fixed rate, providing an effective hedge against future increases. As part of the agreement, SunEdison will develop, construct, own and operate a 14 megawatt AC solar photovoltaic power plant, located in Clark County, Nevada. Construction of the facility will begin in early 2015 with commercial operation slated for later that year.
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.
December 4, 2014
07:37 EDTSUNESunEdison to supply solar power to 16 Massachussets housing authorities
SunEdison (SUNE) has executed power purchase agreements with 16 separate public housing authorities across Massachusetts, totaling 39.5MW in peak capacity. Over the next 20 years, SunEdison's solar systems will save these housing authorities an estimated $60M in avoided electricity costs, and will provide a collective environmental benefit equivalent to reducing CO2 emissions by 1M tons, or taking 200K cars off the road. SunEdison and its financing partners, including TerraForm Power (TERP), a SunEdison company, will be the owner-operators of the systems.

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