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Stock Market & Financial Investment News

News Breaks
March 24, 2014
07:13 EDTNRG, WMWaste Management, Ventech, NRG, Velocys form joint venture
Waste Management (WM), Ventech Engineers, NRG Energy (NRG) and Velocys announced the formation of a joint venture to produce renewable fuels and chemicals from biogas and natural gas using smaller-scale gas-to-liquids technology. The joint venture, comprised of WM Organic Growth, NRG GTL Holdings, LLC, VPI LF-GTL, LLC, and Velocys, brings together the right parties, the right assets and the right capabilities necessary to pursue opportunities in the sector. The joint ventureís first facility is under development and will be located at Waste Managementís East Oak site in Oklahoma. The joint venture intends making a final decision to proceed on this first plant this year. Engineering and design work is substantially complete, final draft permitting documents have been submitted, and development activities for additional facilities are expected to commence shortly.
News For WM;NRG From The Last 14 Days
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June 25, 2015
16:11 EDTWMWaste Management launches Waterloo compressed natural gas truck fleet
Waste Management launched a new fleet of Compressed Natural Gas fueled trucks at the companyís facility on Conrad Place in Waterloo. The initiative represents an investment of more than $13M.
June 23, 2015
08:04 EDTNRGNRG Renew to develop 20MW solar energy facility for Cisco
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June 19, 2015
06:49 EDTNRGNRG Energy shares recommended at Credit Suisse
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June 18, 2015
08:05 EDTNRGNRG Yield to acquire GE EFS' 25% interest in Desert Sunlight Solar Farm
NRG Yield, Inc. (NYLD), through its subsidiary NRG Yield Operating LLC, has entered into an agreement with GE Unit (GE) GE Energy Financial Services to acquire its 25% interest in the Desert Sunlight Solar Farm in Riverside, CA for $285M subject to customary working capital adjustments, plus the assumption of $287.4M of non-recourse project level debt. The acquisition, which provides NRG Yield with a total ownership of 137.5 megawatts of operating solar capacity, will place NRG Yield into a partnership with subsidiaries of NextEra Energy (NEE) and Sumitomo Financial (SMFG), who are the 50% and 25% owners of Desert Sunlight, respectively. The transaction is expected to increase both the annual run-rate EBITDA by approximately $45M and cash available for distribution by approximately $22M by 2016. NRG Yield expects to close the transaction by June 30, 2015. The transaction is subject to customary closing conditions, including approvals by the Federal Energy Regulatory Commission and notice of the acquisition to the California Public Utilities Commission. With this acquisition, NRG Yield now owns nearly 600 megawatts of solar generation. NRG Yield is supported by its parent, NRG Energy (NRG), which owns and operates approximately 1.2 gigawatts of solar generation, thus implying a combined solar portfolio of 1.8 gigawatts.

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