sunedison inc (SUNE) Key Developments
Sunedison, Inc. Begins Construction on Comanche Solar Project in Pueblo, Colo
Aug 20 15
SunEdison, Inc. announced that it has closed financing and begun construction on one of its large solar power plants to date, the 156 megawatt (MW) DC /120 MW AC Comanche Solar project in Pueblo, Colo. When completed, the Comanche Solar project will be the large solar power plant east of the Rocky Mountains. The Comanche solar power plant will be the large in Colorado and is expected to produce more than 300 gigawatt-hours of energy a year, enough to power approximately 30,000 Colorado homes. The solar power plant will avoid the emission of more than 478 million pounds of carbon dioxide, the equivalent of taking more than 45,000 passenger vehicles off the road.
SunEdison, Inc. Closes $253 Million of Financing
Aug 20 15
SunEdison, Inc. announced that it has closed financing and begun construction on one of its solar power plants to date, the 156 megawatt (MW) DC /120 MW AC Comanche Solar project in Pueblo, Colo. The Comanche solar power plant will be the in Colorado and is expected to produce more than 300 gigawatt-hours of energy a year, enough to power approximately 30,000 Colorado homes. The solar power plant will avoid the emission of more than 478 million pounds of carbon dioxide, the equivalent of taking more than 45,000 passenger vehicles off the road.
Subsidiaries of Aboitiz Power Corp. Seals Deal with SunEdison, Inc. for Solar Power Foray
Aug 20 15
Subsidiaries of Aboitiz Power Corp. and SunEdison, Inc. announced that they are investing PHP 3.5 billion to develop a 59-megawatt (MW) solar farm, which will serve as the maiden project of their joint venture. Aboitiz Renewables, Inc. (ARI) signed a series of shareholders' agreements with SunEdison Philippines Helios BV. The deals "formalize the equity sharing, governance structure, and other terms and conditions of the ARI and SunEdison partnership in Maaraw Holdings San Carlos, Inc." Maaraw Holdings, according to the same disclosure, will be 60%-owned by ARI. The joint venture firm "will undertake the acquisition, development and exploration of the 59-MW solar photovoltaic power generation project in San Carlos City, Negros Occidental." The companies awarded the engineering, procurement and construction (EPC) contract for the project to Nari Group Corp., a Chinese company that already completed over 30 projects in the Philippines. In a separate statement, AboitizPower said the Negros solar energy project - which entails an investment of PHP 3.5 billion - is scheduled to be commercially operational in the first quarter of 2016. ARI and SunEdison in November last year executed a joint framework agreement to explore, develop, construct and operate up to 300 MW solar projects in the Philippines over the next three years.
SunEdison Completes 6 Megawatt Solar Power Plant for Lakeland Electric in Lakeland, Florida
Aug 19 15
SunEdison, Inc. announced that it has completed construction of a 6 megawatt (MW) AC solar power plant that will supply electricity to Lakeland Electric, through a 25-year power purchase agreement. The Bella Vista solar power plant is expected to generate approximately 14 gigawatt-hours of electricity each year, enough to power more than 1,300 homes and avoid the emission of 21 million pounds of carbon dioxide, the equivalent to removing more than 2,000 cars from the road. In addition to the 6 MW Bella Vista solar power plant, SunEdison has completed three other projects for Lakeland Electric and is developing two more. The total solar power capacity of the portfolio under the Master Agreement is expected to be 24 MW.
SunEdison and Dominion to Establish Joint Venture for 420 Megawatt for Four Brothers Solar Project in Utah
Aug 12 15
SunEdison announced that it has signed a definitive agreement with Dominion to establish a joint venture for Four Brothers, a 420 megawatt (MW) DC, or 320 megawatt AC, solar project in Utah. The project, which is being developed by SunEdison, is now under construction and fully financed with an expected commercial operation date of mid-2016. Under the terms of the JV, Dominion will invest $500 million to acquire 50% of the cash equity and 99% of the tax equity in Four Brothers, including funding of construction. SunEdison will contribute the remaining portion of the capital required to complete the project, which it has fully financed through a $150 million four-year term loan with Deutsche Bank. The total $650 million financing package fully funds the project for completion and long-term ownership.