 |
|
| Events Jobs Contact Migration Stats Supplier Lists Municipal Aggregation |
|
SunEdison Buys 33 Percent Stake in Solar Portfolio from Dominion
December 30,2015 Dominion announced that it has closed on the first phase of its previously announced sale of a 33 percent ownership interest in 425 megawatts (AC) of solar generating capacity to SunEdison, Inc. Dominion received approximately $180 million for the first phase, which includes an ownership interest in 253 megawatts (AC) of solar generating capacity at 15 sites in five states. The second phase is expected to close by early 2016 for approximately $120 million, subject to working capital and certain other adjustments. It consists of a 33 percent ownership interest in nine projects in three states – totaling 172 megawatts (AC) of generating capacity, Dominion said SunEdison further said that Terra Nova Renewable Partners, the strategic equity partnership formed between SunEdison and institutional investors advised by J.P. Morgan Asset Management – Global Real Assets, simultaneously acquired SunEdison's interest in the transaction. The entire solar portfolio consists of 24 projects, with a total capacity of 567 megawatts DC, located in Indiana, Georgia, Connecticut, California, Tennessee, and Utah. This first phase of the transaction is for 15 projects that generate 336 megawatts DC, and the second acquisition is for the remainder of the aggregate 567-megawatt DC portfolio. The solar portfolio's power output has been contracted with utilities and power offtakers with a weighted remaining contract term of 19.8 years. See SunEdison's release for a list of facilities included in the transaction
|
Advertise here: Email retailenergyx@gmail.com |
|
Events
Jobs
Contact
Migration Stats
Supplier Lists
Municipal Aggregation
About
Disclaimer
Privacy
Terms of Service
Home |
Developed by: Avidweb Technologies inc. |