SunEdison

Transactions (February 2014)

Fortis acquires UNS Energy for $4.3 billion; EdF sells half of Texas wind project to UBS; SunEdison sells $1.2 billion in bonds and redeems $750 million in debt; plus equity and debt transactions totaling nearly $7 billion.

Digest

Danish utility orders 582 MW of Siemens offshore wind turbines; Maui Electric contracts Greenlots and ABB for electric vehicle fast-charging system; U.S. Army Corps of Engineers contracts Eaton for alternative energy and conservation projects at army facilities; Southern Company and Turner Renewable Energy acquire SunEdison project in California; FERC approves Columbia Gas and Williams Partners pipeline expansion projects; plus contracts and announcements from Entergy, ITC Holdings, California ISO, PG&E, MidAmerican Transmission, Citizens Energy, CPS Energy, and others.

Transactions (January 2014)

Calpine acquires 1,050-MW combined-cycle plant in Texas; Allete buys AES wind farms; NextEra acquires Silver State solar project from First Solar; plus equity and debt deals involving EdF, Emera, First Wind, SunEdison, AEP, NV Energy and others, totaling $2.7 billion.

SunEdison Introduces New York City's Largest Solar Energy Project

SunEdison introduced a renewable energy project in partnership with New York City, which is scheduled to break ground in the second half of 2015. The project will consist of two PV systems totaling up to 10 MW in size, and will utilize between 30,000 and 35,000 high efficiency solar panels installed across 47 acres leased to SunEdison at Freshkills Park, a former landfill that closed in 2001. When reopened, the converted 2,200 acre park will be the largest in the city and help to meet the PlaNYC goal of a 30-percent reduction in greenhouse gas emissions by 2030.

Digest

Siemens and Accenture joint venture on smart grid management systems; CenterPoint picks Itron for RF meter rollout; Memphis picks Elster electric, gas, and water AMI system; TransAlta acquires Wyoming wind farm from NextEra; NRG acquires Edison Mission Energy assets; Google to invest in Imperial Valley solar project; Sempra acquires Nebraska wind project; plus contracts and announcements from Babcock & Wilcox, Echelon, PJM, California ISO, and others.

Southern Power and Partner Turner Renewable Energy to Acquire California Solar Plant

Southern Company subsidiary Southern Power acquired the company's second solar PV installation in California – the 20-MW Adobe Solar Facility – in partnership with Turner Renewable Energy. The Southern Power-Turner Renewable Energy partnership's sixth solar project acquisition is expected to close upon the successful completion of construction, which is anticipated in spring 2014. The Adobe Solar Facility will be built, operated and maintained by SunEdison.

Southern Power Acquires 139-MW Solar Plant in Clark County, Nevada

Southern Company subsidiary Southern Power, in partnership with Turner Renewable Energy, began commercial operation on the Spectrum Solar Facility, located in Clark County, Nevada. The 30-MW solar PV installation utilizes tracking technology that enables greater efficiency by directing solar panels to track the sun as it moves across the sky. The 311-acre site was built and will be operated and maintained by SunEdison.

Digest

DOE funds B&W to develop and license small modular reactor technology; Panda awards 758-MW combined cycle contract to Bechtel; AEP picks Open Systems International to manage SPP and PJM generation assets; GDF Suez teams up with Viridity Energy for DR services; NRG and PJM go live with University of Delaware V2G project; Minnesota Power energizes new substation serving taconite mine; FP&L completes 4.5-million smart meter rollout; plus contracts and announcements from Duke, FirstSolar, Iberdrola, SRP, ABB, Elster, Siemens, and others.

SunEdison, Petrobras to Build PV Project in Brazil

SunEdison signed an agreement with Petrobras to build one of the largest photovoltaic (PV) power plants in Brazil. The plant will be located in Alto do Rodrigues, Rio Grande do Norte. Once completed, SunEdison will manage the plant from its central operations center. The energy generated will be fed into Brazil’s National Interconnected System. The plant will have an installed capacity of 1.1 MW DC and will be built on land adjacent to the Thermoeletric Plant Jesus Soares Pereira that belongs to Termoacu S.A.