Key Developments: Sunedison Inc (WFR.MU)

WFR.MU on Munich Stock Exchange

16.75EUR
22 Jul 2014
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Latest Key Developments (Source: Significant Developments)

Southern Nevada Water Authority signs power purchase agreement with SunEdison Inc
Tuesday, 22 Jul 2014 07:00am EDT 

SunEdison Inc:Signed 20-year power purchase agreement (PPA) with Southern Nevada Water Authority (SNWA).Power purchase agreement enables SNWA to lock in significant portion of its energy costs at fixed rate, providing an effective hedge against future increases.As part of agreement, SunEdison will develop, construct, own and operate 14 megawatt (MW) AC solar photovoltaic (PV) power plant, located in Clark County, Nevada.  Full Article

SunEdison Inc announces pricing of initial public offering of TerraForm Power, Inc.
Thursday, 17 Jul 2014 07:15pm EDT 

SunEdison Inc and Terraform Power Inc:Says that TerraForm Power, a subsidiary of SunEdison, has priced an underwritten initial public offering of 20,065,000 shares of its Class A common stock at a price to the public of $25.00 per share.Says the shares will begin trading on the NASDAQ Global Select Market on July 18, 2014 under the ticker symbol TERP.Says in connection with this offering, TerraForm Power has granted the underwriters a 30-day option to purchase up to an additional 3,009,750 shares of Class A common stock at the initial public offering price.Says TerraForm Power will also receive gross proceeds of $65.0 million from the sale of shares of Class A common stock in connection with two concurrent private placement transactions at a price per share equal to the initial public offering price.  Full Article

SunEdison Inc completes acquisition of SRP from AES Corp's subsidiary
Thursday, 3 Jul 2014 07:00am EDT 

SunEdison Inc:Completed its acquisition of a 50 pct ownership stake in Silver Ridge Power LLC (SRP) from a subsidiary of AES Corp for about $178.6 million in cash.Through its ownership in the SRP joint venture, SunEdison now owns a 50 pct interest in - 336 MW of solar power plant operating projects, including the 266 MW Mt. Signal solar project in California.A 40 pct interest in the Tenaska Imperial Solar Energy Center West 183 MW solar power facility to be completed in 2016.The other 50 pct of the outstanding limited liability company interests of SRP remain held by an affiliate of Riverstone Holdings LLC.SunEdison will provide operations and management (O&M) and asset management for SRP's entire projects portfolio.  Full Article

Sunedison Inc, IDB, OPIC and CorpBanca close $ 190 million project financing
Friday, 27 Jun 2014 04:30pm EDT 

SunEdison Inc:Says closing of $155 mln non-recourse debt financing arrangement.Non-recourse debt financing arrangement with Overseas Private Investment Corporation (OPIC), U.S. Government's development finance institution, Inter-American Development Bank (IDB), multilateral lender to Latin America and Caribbean, Clean Technology Fund (CTF), and CorpBanca.Debt proceeds will be used in Chile for construction of 72.8 MWp (megawatt) solar power plant, to inject energy directly into Sistema Interconectado del Norte Grande (SING), selling all its production in the spot market (merchant solar).OPIC is providing $ 48.9 mln of debt, IDB is providing $ 50.3 mln of debt directly and is also administering $ 16.0 mln of debt from CTF, and CorpBanca is providing parallel loan of $ 39.8 mln in addition to providing a local Chilean Peso VAT facility for equivalent of $35 mln.CorpBanca's participation represents the first time a local bank is participating in the senior debt facility for a merchant solar project in Chile.  Full Article

SunEdison Inc and BlueWave Capital agree to 50 megawatt solar asset portfolio acquisition
Thursday, 19 Jun 2014 05:00pm EDT 

SunEdison Inc:Says that SunEdison has agreed to purchase 50 megawatts (MW) of solar photovoltaic (PV) projects from BlueWave Capital LLC.Agreement includes 12 projects jointly developed by BlueWave and SunEdison across Massachusetts, many of which are expected to be operational by June 30 and all of which have qualified under the Massachusetts SREC I or SREC II incentive programs.  Full Article

SunEdison Inc and Riverstone to partner in Silver Ridge Power joint venture
Tuesday, 17 Jun 2014 05:00pm EDT 

SunEdison Inc:Reaches definitive agreement to acquire 50 pct ownership stake in Silver Ridge Power, LLC (SRP) from subsidiary of AES Corporation.Through its ownership in the SRP joint venture, SunEdison will own 50 pct of 336 MW (megawatt) of solar power plant operating projects and 40 pct interest in the Tenaska Imperial Solar Energy Center West 183 MW solar power facility to be completed in 2016.SRP's assets include currently operating 266 MW Mt. Signal solar project in California.Acquisition is expected to close in late June 2014, subject to customary closing conditions and receipt of regulatory approvals.Following the acquisition, the remaining 50 pct of SRP will continue to be held by an affiliate of Riverstone Holdings LLC (Riverstone).After closing, Riverstone and SunEdison expect the joint venture to contribute the Mt. Signal project to SunEdison's yieldco subsidiary.In addition, following completion of Tenaska Imperial Solar Energy Center West project, SunEdison expects to acquire Riverstone's share of SRP's interest in Tenaska Imperial Solar Energy Center West.Also to contribute total of a 40 pct interest in Tenaska Imperial Solar Energy Center West to SunEdison's yieldco subsidiary in 2016.  Full Article

SunEdison Inc signs master purchase agreement with NEXTracker
Friday, 13 Jun 2014 07:00am EDT 

SunEdison Inc:Says that it has awarded a master services agreement to NEXTracker, Inc.The agreement for the purchase of up to 1.85 gigawatts of trackers for the company's ground-mounted projects worldwide over the next three years, tied to an aggressive cost reduction roadmap.  Full Article

SunEdison Inc announces proposed offering of $500 mln of convertible senior notes
Wednesday, 4 Jun 2014 07:13am EDT 

SunEdison Inc:Intends to offer $500 mln aggregate principal amount of convertible senior notes due 2020 in private placement.Company also intends to grant to initial purchasers 30-day option to purchase an additional $100 mln aggregate principal amount of notes on same terms and conditions.Intends to use net proceeds from this offering to fund acquisitions, development and construction costs and repayment of project indebtedness.Intends to use remaining net proceeds to fund working capital, accelerate growth of the business and for other general corporate purposes.  Full Article

SunEdison Inc partners with Rosedale Union School District
Wednesday, 21 May 2014 08:00am EDT 

SunEdison Inc:Partnership with Rosedale Union School District (RUSD) in Bakersfield.To install, monitor and manage 1.8 MW of solar at the district's nine schools.Solar energy and efficiency project is expected to save district about $55,000 in year one and more than $2 mln in energy costs over 20 years.Scheduled for completion by end of this year, project is expected to significantly reduce electricity usage, freeing up funds for important academic and enrichment programs across the district.Company will install, monitor and maintain the solar system at no additional expense to the district.  Full Article

SunEdison Inc closes C$115 million in financing to build 33 MW Of utility solar projects in Ontario, Canada
Wednesday, 23 Apr 2014 08:01am EDT 

SunEdison Inc:Closed on financing for two solar power plants to be built in Ontario, Canada.Deutsche Bank Securities Inc. is providing construction financing.  Full Article

UPDATE 1-Solar plant owner TerraForm rises 37 pct in debut

* IPO raises $502.5 million (Adds details, background, updates shares)

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