Key Developments: Sunedison Inc (WFR.F)

WFR.F on Frankfurt Stock Exchange

26 Nov 2014
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Latest Key Developments (Source: Significant Developments)

Sunedison and Renova Energia create a joint venture to develop 1 gigawatt of utility scale solar in Brazil
Monday, 24 Nov 2014 06:30am EST 

Sunedison Inc and Renova Energia S.A:Creates an exclusive joint venture to develop, own, and operate 1 gigawatt of utility scale solar photovoltaic (PV) energy which will supply the Brazilian Regulated Electricity Market.Renova and SunEdison will each own a 50 pct stake in the joint venture.Venture plans to build and operate four utility scale solar power plants in Bahia State, Brazil, by 2017.Contracts were awarded in the 2014 Reserve Supply Auction (2014 LER), the first renewable energy auction in Brazil to specify a need for solar power plant capacity.  Full Article

Sunedison Inc and TerraForm Power sign definitive agreement to acquire First Wind For $2.4 billion
Monday, 17 Nov 2014 05:30pm EST 

Sunedison Inc and TerraForm Power Inc:Says that they have signed a definitive agreement to acquire First Wind, one of the developers, owners and operators of wind projects in the U.S.With the purchase, SunEdison acquires independent wind development and asset management company and becomes the global renewable energy development company.Says SunEdison will purchase over 1.6 GW of pipeline and backlog projects, which have been added to TerraForm Power's call right project list and are expected to be operational in 2016-2017.TerraForm Power acquires 521 MW of contracted wind generation assets from First Wind and adds 1.6 GW to its list of call right projects scheduled for drop down in 2016-2017.Total consideration for the acquisition of First Wind is up to $2.4 billion, comprised of $1.9 billion in upfront consideration and a $510 million earn-out.The transaction is expected to close during the first quarter of 2015.  Full Article

Sunedison Inc partners with AboitizPower
Wednesday, 12 Nov 2014 07:30am EST 

Sunedison Inc:Says it entered into joint framework agreement with Aboitiz Renewables, Inc., wholly-owned subsidiary of Aboitiz Power Corp.Agreement formalizes their intention to jointly explore, develop, construct and operate up to 300 megawatts of utility-scale solar photovoltaic power generation projects in Philippines over next three years.  Full Article

SunEdison Inc wins 150 megawatts solar photovoltaic projects in Karnataka India
Thursday, 30 Oct 2014 07:30am EDT 

SunEdison Inc:Announced that it won 5 solar photovoltaic projects totaling 150 megawatts from Karnataka Renewable Energy Development Limited.SunEdison affiliates will sell electricity generated to various entities via power purchase agreements.  Full Article

Sunedison Inc and Rajasthan Government sign MoU
Tuesday, 28 Oct 2014 07:30am EDT 

SunEdison Inc:Signs Memorandum of Understanding (MOU) with Rajasthan Government aimed at developing Rajasthan as global hub for solar energy.Intends to establish 5 GWs of capacity in form of multiple Mega Solar Projects, with expected capacity of each Mega Solar project 500 megawatts (MW) or more.MoU comes at an opportune time following new solar policy announced by Government of Rajasthan, which aspires to create 25 GW of solar capacity in state in next few years.  Full Article

Sunedison awarded 17.7 megawatts (MW) of distributed solar projects in California
Wednesday, 22 Oct 2014 07:30am EDT 

Sunedison Inc:Has been awarded 17.7 MW DC of distributed solar photovoltaic (PV) power projects through the Regional Renewable Energy Procurement Project (R-REP) led by the County of Alameda.SunEdison will be working with 9 different public agencies in the Counties of Alameda, Contra Costa and San Mateo to develop projects on more than 30 individual sites as part of one of the ever public solar power procurements in United States.SunEdison will install solar systems at 30 individual locations.To accommodate different site requirements while optimizing solar production, SunEdison will deploy rooftop, canopy, and ground mount system technologies.All of the planned projects are being closely coordinated with each of 9 agencies involved to ensure that each solar deployment is tailored to each site and agency's specific needs.Upon completion, the portfolio will produce more than 27,700,000 kWh of clean solar power every year and will result in reduction of more than 13,500 tons of greenhouse gas emissions.  Full Article

SunEdison Inc signs JV agreement with JIC Capital
Thursday, 16 Oct 2014 07:30am EDT 

SunEdison Inc:Inks joint venture (JV) agreement with JIC Capital.To facilitate nonrecourse financing and develop, construct and own up to 1 GW of utility-scale solar photovoltaic (PV) projects in China over next 3 years.Joint venture will focus on facilitating and structuring nonrecourse financing for solar PV plants.  Full Article

Google Inc executes investment in SunEdison Inc's solar plant
Wednesday, 10 Sep 2014 07:00am EDT 

SunEdison Inc:Says Google Inc has agreed to provide $145 million in equity financing for the Regulus solar plant.Located in Kern County, Calif., the Regulus plant will begin operation later this year, and will supply power to Southern California Edison through a 20-year power purchase agreement.  Full Article

Sunedison and Los Pelambres Mine (Antofagasta Minerals) close an agreement to supply solar electric power in Chile
Wednesday, 3 Sep 2014 05:00pm EDT 

Sunedison Inc:Announced that they have reached an agreement for the long-term sale of power to Los Pelambres.Under the agreement SunEdison will supply the power produced by the Javiera solar photovoltaic project, with a capacity of 69.5 megawatts (MW) DC, for operations at Los Pelambres mine.  Full Article

SunEdison Inc partners with community energy on Colorado's Largest Solar Power Plant
Thursday, 24 Jul 2014 07:00am EDT 

SunEdison Inc:Its acquisition of 156 megawatt (MW) DC Comanche Solar project from renewable energy developer Community Energy.SunEdison is partnering with Community Energy to complete final development stage of project by structuring financing and providing procurement expertise for project, following which SunEdison will manage construction, operation, and maintenance of the solar power plant.Construction will begin in 2015 with commercial operation targeted for early 2016.Comanche Solar project is one of TerraForm Power call right projects, whereby TerraForm has option to purchase project from SunEdison once it achieves commercial operation.  Full Article

US STOCKS-S&P 500 hits record as Actavis rallies

* SunEdison, TerraForm rally on entrance to U.S. wind power market

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