On Monday, Telangana announced the final results for its 2,000 MW solar tender, the single largest solar power allocation in India till date. The state-owned utility, Telangana State Southern Power Distribution Company Limited (TSSPDCL), was responsible for floating the 2 GW solar tender. Telangana had offered prospective developers projects through competitive … [continued]
Originally published on Solar Love. SunEdison has revealed that the IPO for its newest endeavour, TerraForm Global, raised $675 million for the new company. Originally announced back in May, TerraForm Global is SunEdison’s “emerging markets yieldco subsidiary,” which will be “formed to own and operate contracted clean power generation assets … [continued]
SunEdison’s dominance in the global renewable energy business has received yet another stamp of approval at the Renewable World 2015 convention held recently at New Delhi. Pashupathy Gopalan, SunEdison’s President of Asia-Pacific and Sub-Saharan Africa, was named the ‘Solar Power Person of the Year’ during the Renewable World International Convention in … [continued]
SunEdison has made further in-roads into the Indian solar power market by finalising a landmark agreement to to sell 180 MW electricity from solar power plants. Tata Power Delhi Distribution Limited has signed a 20-year power purchase agreement with SunEdison. As per the agreement, SunEdison will supply 180 MW to the … [continued]
Update: The Vivint Solar acquisition never went through, and SunEdison tumbled dramatically into bankruptcy. SunEdison has continued its absurdly prolific acquisition spree this week, announcing the purchase of Vivint Solar in conjunction with its yieldco TerraForm Power, and a separate acquisition of the British company Mark Group. SunEdison, in partnership … [continued]
Originally published on RenewEconomy. Listed finance vehicles for large-scale wind and solar projects are likely to rapidly overtake the oil and gas industry in the US, but may bypass Australia altogether if the Abbott government continues to send the wrong signals to investors. Deutsche Bank last week released a report … [continued]
SunEdison yieldco TerraForm Power has announced plans to issue green bonds worth $300 million to fund renewable energy projects. TerraForm Power has announced issuance bonds with 6.125% return due for maturity in 2025. The company plans to use a portion of the net proceeds from the bonds issue to fund … [continued]
Solar funding was down slightly in Q2’2015, sitting at $5.9 billion, with project acquisitions rising to an impressive $2.9 billion, according to new figures released by Mercom Capital Group. In a press release sent out to journalists, Mercom Capital released its report on solar funding and merger & acquisition (M&A) … [continued]
Originally published on Solar Love. Solar power costs have come down so much in recent years that going solar is a no-brainer money-maker for millions of people. That increasingly includes low- and moderate-income people as well as rich people. Affordable solar power seems as abundant and as popular as ice cream … [continued]
TerraForm Power and its parent company SunEdison have announced the $2 billion acquisition of a 930 MW wind energy portfolio from Invenergy. The monumental transaction comes just over a week after SunEdison and TerraForm finalized the acquisition of 521 MW worth of operating wind energy plants from Atlantic Power, which … [continued]
