SunEdison, the world’s largest renewable energy development company, announced on Wednesday, in partnership with its yieldco, TerraForm Power, that it had successfully raised the necessary $280 million 7-year loan facility of TerraForm Private Warehouse. The offering was oversubscribed, and in the end was eventually placed “with a diverse group of institutional investors.” The loan will […]
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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 in attractive, high-growth emerging markets.” SunEdison made available 45 million […]
SunEdison has announced financial closure and beginning of construction on the 110 MW Quilapilun solar power plant in Chile. SunEdison, the world’s largest renewable energy development company, revealed earlier this week that it had secured a $160 million, long-term, non-recourse debt financing arrangement with CorpBanca, one of the largest commercial banks in Chile, and DNB, […]
China’s Yingli Green Energy has taken the yieldco approach for renewable energy project development to a new level. The company has launched bonds for specific projects to attract public funding. Yingli Green Energy recently announced bonds for a 4 MW solar photovoltaic (PV) power plant operational in China’a Hebei province. The bond issue is open for […]
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 these days. However, there’s no denying it: rich people have […]
Partnering with Morgan Stanley to make tax equity financing available immediately, SunEdison is executing a major launch of an innovative power purchase agreement (PPA) product across seven states. With a newly expanded channel and sales platform, and through the recent acquisition of multiple residential power plants with SunEdison subsidiary TerraForm Power as the long-term asset […]
The cost of installing solar panels on your home has never been lower, but the upfront costs can still be daunting for some homeowners. To help get more homeowners on board with solar panels, SunEdison has launched the Energy Saver Plan in the United Kingdom, with zero upfront cost and energy savings of up to […]
A partnership between GRID Alternatives and Grand Valley Power will build a community solar farm for low income families in Grand Junction, Colorado.
A 160 megawatt solar power installation near Georgetown, Texas will provide half the city’s energy needs. The rest will come from wind driven generators.
SunEdison and GRID Alternatives have teamed up to train skilled workers for the solar power industry. Their work will target underserved communities.