Key Developments: Sunedison Inc (WFR.BE)

WFR.BE on Berlin Stock Exchange

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27 Mar 2015
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Latest Key Developments (Source: Significant Developments)

Sunedison, Inc purchases 1,000 energy storage systems from Imergy to bring electricity
Wednesday, 25 Mar 2015 07:30am EDT 

Sunedison, Inc:Plans to purchase up to 1,000 vanadium flow batteries from Imergy Power Systems.Says vanadium flow batteries will be used to store solar-generated electricity for it's rural electrification and solar powered minigrid projects in India.  Full Article

Sunedison secures non-recourse financing
Wednesday, 11 Mar 2015 07:30am EDT 

Sunedison Inc:Secured non-recourse project financing from Japan-based Shinsei Bank for its Tarumizu project, a 9.6 megawatt utility scale solar photovoltaic power plant being built in Japan.The Tarumizu project is one of the first utility scale solar projects built by a US company in Japan to receive non-recourse funding from a leading Japanese bank.  Full Article

SunEdison, Inc announces acquires energy storage operating projects, pipeline, and project origination team from Solar Grid Storage
Thursday, 5 Mar 2015 07:30am EST 

SunEdison, Inc and Solar Grid Storage LLC:Says SunEdison acquired energy storage project origination team, project pipeline, and subject to customary consents and assignments, four operating storage projects from Solar Grid Storage.Says SunEdison now offers battery storage solutions to complement solar and wind projects worldwide, providing solutions that can benefit utilities, municipalities, businesses, and consumers alike.  Full Article

SunEdison Inc and GRID Alternatives announce major solar workforce initiative
Friday, 20 Feb 2015 06:00am EST 

SunEdison Inc:Says $5 mln contribution to their philanthropic partnership with GRID Alternatives.Together, organizations are launching a two-year initiative called RISE to connect industry's growing demand for skilled workers with communities that need jobs, and to build a more inclusive solar workforce.Building on successful 2014 SunEdison and GRID Alternatives partnership to bring more women into solar industry, the RISE initiative will provide underserved communities with solar job training and job placement through GRID Alternatives' workforce development program.Says $5 mln contribution is both financial and in form of solar panels.  Full Article

AT&T and SunEdison Inc join to deliver 677 kilowatt solar system in Texas
Friday, 13 Feb 2015 07:30am EST 

SunEdison Inc:Says completion of 677 kilowatt ground-mount solar photovoltaic (PV) system that will provide energy for AT&T materials distribution facility in Lancaster, Texas.AT&T and SunEdison have worked together since 2010, and in 2012 AT&T awarded SunEdison with a Supplier Sustainability Award for helping launch its solar energy efforts.Says this 677 kilowatt ground-mount solar power plant is the latest collaboration between the companies.Says system is constructed using 2,000 high-efficiency SunEdison solar panels.SunEdison is also working with TerraForm Power on this project.  Full Article

Sunedison announces agreement with PermaCity to develop and operate 22 megawatts of rooftop solar in Los Angeles
Tuesday, 10 Feb 2015 07:30am EST 

Sunedison Inc:Announced an agreement with Los Angeles-based solar developer PermaCity to develop, build and operate 22 megawatts of rooftop solar as part of the Beacon Bundled Solar contract that the Los Angeles Department of Water and Power (LADWP) awarded to SunEdison in July 2014.  Full Article

SunEdison Inc and TerraForm Power Inc close acquisition of First Wind
Thursday, 29 Jan 2015 04:53pm EST 

SunEdison Inc and TerraForm Power Inc:Says that they have completed their previously announced acquisition of First Wind Holdings, LLC.In the transaction, TerraForm Power purchased 500 MW of operating wind power plants and 21 MW of operating solar power plants from First Wind.  Full Article

Sunedison announces pricing of its convertible senior note offering
Thursday, 22 Jan 2015 07:30am EST 

Sunedison Inc:Says pricing of its offering of $400 mln aggregate principal amount of 2.375 pct convertible senior notes due 2022 in private placement.The notes will be offered by the initial purchasers only to qualified institutional buyers.The offering is expected to close on Jan. 27, subject to customary closing conditions.Company has also granted the initial purchasers 30-day option to purchase an additional $60 mln aggregate principal amount of notes on the same terms and conditions.Company intends to use net proceeds from this offering to fund portion of the consideration for the company's acquisition of First Wind Holdings, LLC and about $119.1 mln to repay all or portion of indebtedness incurred to purchase 1.6 GW of production tax credit qualified turbines.Company intends to use remaining net proceeds to fund working capital, accelerate growth of business and for other general corporate purposes, and fund the cost of capped call transactions.The notes will mature on April 15, 2022, unless earlier converted or purchased.  Full Article

Sunedison and Omnigrid Micropower Company partner to bring electricity to millions in india
Monday, 12 Jan 2015 06:00am EST 

SunEdison Inc and Omnigrid Micropower Company Pvt. Ltd:Says they have signed a framework agreement to develop 5,000 rural projects, representing 250 megawatts (MW) of electricity, throughout India over the next three to five years.About 400 mln people in India have no access to electricity, and even for those who do, the only options are often unreliable and expensive fossil fuel-based solutions.Building upon the 36 kW micro power plants OMC Power has already put in place across India as part of a sustainable and reliable rural electrification plan, this partnership will quickly bring electricity to 10 mln additional people.  Full Article

Adani Enterprises Ltd and SunEdison Inc to invest $4 billion in solar PV manufacturing facility in Gujarat
Monday, 12 Jan 2015 12:26am EST 

Adani Enterprises Ltd and SunEdison Inc:Sign memorandum of understanding (MoU) to establish joint venture to build vertically integrated solar photovoltaic manufacturing facility in India with investment of around $4 billion.Facility will create enough solar panels to fuel substantial solar growth in India, furthering India's goals for clean, renewable energy independence.New $4 billion facility will be constructed in Mundra, Gujarat, India, over three to four year period.This facility will vertically integrate all aspects of solar panel production on site, including Polysilicon refining, ingots, wafers, cells and panels production with broader ecosystem involving extended supply chain for raw materials and consumables.  Full Article

Exclusive: SunEdison purchases U.S. energy storage firm in fast-growing market

- U.S. solar project developer SunEdison Inc is expanding into the fast-growing market for grid energy storage with the acquisition of a startup that pairs big batteries with solar installations.

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