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.
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 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.
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.
SunEdison, through its South African affiliate, (collectively SunEdison) secured US$185 million (R1.8 billion) in foreign debt funding from the Overseas Private Investment Corporation (OPIC).
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.
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.