Needham & Company Positive on SunEdison (SUNE) Steps to Improve Operating Structure
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SunEdison Enters into Agreement to Sell 425 MW to TerraForm Global
November 24, 2015 9:27 AM ESTMARYLAND HEIGHTS, Mo. and BETHESDA, Md., Nov. 24, 2015 /PRNewswire/ --Â SunEdison, Inc. (NYSE: SUNE), the largest global renewable energy development company and TerraForm Global, Inc. (Nasdaq: GLBL), a globally diversified owner and operator of clean energy projects, today announced that they have entered into an agreement for SunEdison to sell TerraForm Global a series of projects located in India for the aggregate equity consideration of $231M subject to purchase price adjustments in favor of both SunEdison and TerraForm Global. Â These projects will replace a portion... More
SunEdison Announces Pay Down of Margin Loan
November 24, 2015 9:08 AM ESTMARYLAND HEIGHTS, Mo., Nov. 24, 2015 /PRNewswire/ -- SunEdison, Inc. (NYSE: SUNE), the largest global renewable energy development company, today announced that its wholly-owned subsidiary SUNE ML 1, LLC repaid substantially all of the amounts due and owing pursuant to the Margin Loan Agreement it had entered into with Deutsche Bank AG, London Branch, as the administrative agent and the calculation agent, and the other lenders party thereto. Following the payment, approximately $5 million remains outstanding under the Margin Loan Agreement, which is cash collateralized, plus accrued and unpaid interest, if any, and any other... More
SunEdison Signs 6.2 Megawatt Solar Power Deal with L.A. County
November 24, 2015 7:05 AM ESTBELMONT, Calif., Nov. 24, 2015 /PRNewswire/ --Â SunEdison, Inc. (NYSE: SUNE), the largest global renewable energy development company, today announced that it has signed 20-year power purchase agreements with Los Angeles County in a deal that will see nine government facilities powered with 6.2 megawatts DC of solar energy. The solar power purchase agreements are projected to save taxpayers millions of dollars, and will provide predictable energy pricing to L.A. County for decades to... More
