SunEdison

SunEdison to Sell 333 MW of Wind to Terra Nova Renewable Partners

SunEdison agreed to sell 333 MW of wind-power assets to Terra Nova Renewable Partners for $209 million. The two acquired projects are the 185-MW Bingham wind farm and 148-MW Oakfield wind farm, both located in Maine. Construction on Oakfield Wind was completed fall 2015 and it is now online and operating as the largest wind project in New England.

Dominion Closes on First Phase of Solar Sale to SunEdison

Dominion closed on the first phase of its previously announced sale of a 33 percent ownership interest in 425 MW of solar generating capacity to SunEdison. Dominion received approximately $180 million for the first phase, which includes an ownership interest in 253 MW of solar generating capacity at 15 sites in five states. The second phase is expected to close by early 2016 for approximately $120 million, subject to working capital and certain other adjustments.

SunEdison Completes Construction of New Hampshire's Largest Solar Power Plant

SunEdison completed construction on New Hampshire's largest solar power plant, a 942-KW solar power plant for the town of Peterborough. SunEdison will supply solar energy generated by this system to the town over the next 20 years. SunEdison collaborated with Borrego Solar to complete the project after acquiring it from Borrego Solar earlier in 2015. The system was funded in part by a grant from the New Hampshire Public Utility Commission.

SunEdison and Dominion Partner for 420-MW Solar Project in Utah

SunEdison signed a definitive agreement with Dominion, establishing a joint venture for Four Brothers, a 420-MW DC, or 320-MW  AC, solar project in Utah, developed by SunEdison. The project is now under construction and fully financed with an expected commercial operation date of mid-2016. The Four Brothers project is contracted under long-term PPAs for 20 years with PacifiCorp.

SunEdison Signs Definitive Agreement to Acquire GME from Actis and Mesoamerica Power

SunEdison signed a definitive agreement to acquire 100 percent of Globeleq Mesoamerica Energy (GME), Central America's leading renewable energy company. SunEdison will acquire a 70 percent interest in GME from Actis, a market private equity investor focused on the energy sector, and a 30 percent interest from Mesoamerica Power Limited.

SunEdison Awarded 33 MW Deal to Modernize the Grid in Southern California with Solar

SunEdison was awarded contracts to build 33 MW of rooftop solar with Southern California Edison (SCE). SCE will purchase the electricity from 17 rooftop solar systems through 20-year PPA. TerraForm Power intends to acquire these projects from SunEdison upon completion. Operation and maintenance of the solar power plants will be performed by SunEdison Services. The solar power plants are scheduled to be operational in 2016.

SunEdison Brings 14 MW of Solar Power to Long Island as Part of New York State Initiative

SunEdison signed agreements with five municipal entities on Long Island to build seven solar power plants totaling 14 MW. The electricity from these power plants will be sold to the Long Island Power Authority (LIPA) through separate 20-year power PPAs. The contracts with the Town of Southold, Town of Easthampton, Nassau County, Suffolk County and the Suffolk County Water Authority were awarded as part of the LIPA 100 MW Clean Solar Initiative Feed-in Tariff program.

Digest (May 2015)

Sonoma Clean Power will build the largest floating solar array in the U.S., scheduled to be completed in 2016 and will create enough energy to power 3,000 houses; GE announced the construction of two service centers focused on the operation and maintenance of wind turbines in Brazil; Open Systems International was awarded a contract by Seattle City Light to implement a new energy management system; FirstEnergy expects to invest about $225 million on distribution and transmission infrastructure projects in north-central West Virginia; APR Energy commissioned an expansion of its power plant in Myanmar; The U.S. Nuclear Regulatory Commission approved Westinghouse Electric’s testing approach for the Westinghouse small modular reactor design; FuelCell Energy agreed to sell a 1.4-MW fuel cell power plant project to NRG Energy; ABB and Samsung SDI signed a memorandum of understanding to promote microgrid solutions globally; And others ...

SunEdison to Build 150 MW of Solar Power in Georgetown, Texas

SunEdison will construct new solar plants in West Texas to supply the City of Georgetown with 150 MW of solar power for 25 years. The SunEdison solar plants will be interconnected in 2016, and will provide over 9,500 GW-hours of energy through 2041. Upon completion, SunEdison expects to offer this project for investment to TerraForm Power.

Digest (March 2015)

Pacific Gas and Electric and automaker BMW are teaming up to test the ability of EV batteries to provide services to the electric grid; MidAmerican Energy completed work on four of five wind farms across Iowa that make up its Wind VIII project; GE received an order from the Tennessee Valley Authority to supply two high-efficiency 7HA.02 gas turbine generators for the new combined-cycle Allen plant; Appalachian Power plans to rebuild the existing South Bluefield-Wythe 69-kV transmission line; Bechtel partnered with Westinghouse Electric to provide decontamination and decommissioning services for nuclear power plants throughout the U.S.; SunEdison and Omnigrid Micropower signed a framework agreement to develop 5,000 rural projects, representing 250 MW of electricity, throughout India; The Tennessee Valley Authority and DuPont partnered to generate power and steam at TVA's Johnsonville site in Tennessee; and others.