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SunEdison (SUNE) to acquire 33% Stake in 425-MW of Dominion Resources' (D) Solar Projects
September 8, 2015 8:04 AM EDTDominion Resources (NYSE: D) that it has agreed to enter into a partnership with SunEdison, Inc. (NYSE: SUNE), in which it would sell 33 percent of its ownership in 425 megawatts of solar generating capacity for approximately $300 million, subject to working capital and certain other adjustments. Under the terms of the agreement, SunEdison has a future option to buy all or a portion of Dominion's remaining 67 percent ownership.
Included in the agreement are 24 projects in... More
