Tag Archives: sune

SunEdison Will Buy Vivint Solar, Eyes Alt-Energy Crown

SunEdison (SUNE) announced Monday that it will acquire No. 2 residential installer Vivint Solar (VSLR) for about $2.2 billion in cash, stock and notes, the latest of several multibillion-dollar deals that are part of its aggressive strategy to become one of the world’s top alternative energy players. In residential installation, Vivint Solar trails only SolarCity (SCTY), whose chairman is Tesla Motors (TSLA) CEO Elon Musk. In January, Maryland

SunEdison Inks 50-Megawatt Solar Storage Deal

SunEdison (SUNE) and Advanced Microgrid Solutions announced Wednesday a 50-megawatt solar energy storage deal that will supply power to Southern California Edison. The utility-scale battery storage systems will be installed under a 10-year contract with Southern California Edison, one of the nation’s largest utilities. Advanced Microgrid Solutions will develop storage systems in commercial and industrial buildings. Southern California Edison will

SunEdison Q1 Misses; Stock Up On 2nd Yieldco Filing

SunEdison (SUNE) early Thursday reported Q1 earnings and revenue that missed Wall Street estimates, but its stock was up as the company delivered more megawatts and announced that its second yield company filed for an initial public offering. SunEdison announced that new “yieldco” TerraForm Global, which will own and operate some of SunEdison’s power plants in emerging markets, has filed with the U.S. Securities and Exchange Commission for an