As the turbines spin from the cold winter wind in Northern Maine, ratepayers and local residents are feeling the positive impact from the project.
SunEdison to provide Ontario with large-scale, flow-battery storage system
Global renewable energy development company, SunEdison, signed a 10-year agreement with Ontario’s Independent Electricity System Operator (IESO) this past December to supply 5 MW (or 20-MWh) of battery storage to the province. The Ontario IESO works at the heart of Ontario’s power system, and is responsible for making sure everyone in the province gets the electricity they need,…
Milbank advises on Terra Nova Renewable’s strategic partnership and wind acquisitions
Milbank, Tweed, Hadley & McCloy LLP deal has successfully advised institutional investors working with J.P. Morgan Asset Management on its partnership with SunEdison for the acquisition of 333 MWs of wind-power assets. The combined enterprise value is worth $787 million. The Milbank team was led by corporate partner John Franchini and project finance partner Timothy…
Wind energy a major solution under Clean Power Plan
According to AWEA, wind energy can provide a majority of the clean power that states will need to comply with the government’s new rule to reduce carbon pollution from electric power plants, U.S. industry leaders said today, and it can save consumers money doing so. “American wind power can do this,” said Tom Kiernan, CEO…
HP announces agreement with SunEdison to support clean energy in Texas
As part of ongoing efforts to lower the carbon footprint of its business, HP announced this week that it has signed a 12-year power purchase agreement for 112 MW of wind power with SunEdison. The 112 MW of locally generated wind electricity is sufficient to power 100% of HP’s Texas-based data center operations, the equivalent…
TerraForm Power and SunEdison acquire 930-MW contracted wind portfolio from Invenergy
TerraForm Power, an owner and operator of clean energy power plants, and SunEdison, currently the world’s largest renewable energy development company, recently announced that TerraForm Power has signed a definitive agreement to acquire net ownership of 930 megawatts (MW) of wind power plants from Invenergy Wind LLC, the largest independent wind owner in the United…
SunEdison starts construction for 185-MW Bingham Wind project in Maine
SunEdison today announced that is has secured financing for and started construction on the Bingham Wind project in Maine. The 185-megawatt wind project is expected to be the largest of its kind in the New England area of the U.S. “The Bingham wind farm is our largest wind project in Maine, and once completed should…
SunEdison announces acquisition of Continuum Wind Energy in India
SunEdison recently announced that it has signed a definitive agreement to acquire Continuum Wind Energy Limited, Singapore with assets in India. Continuum owns and operates 242 megawatts AC of wind power plants in Maharashtra and Gujarat states, as well as 170 MW of wind power under construction in Madhya Pradesh state, and has more than…
Vaisala supports SunEdison and TerraForm in $2.4B First Wind acquisition
Vaisala, a global leader in environmental and industrial measurement, played a critical role in supporting SunEdison and its power-plant holding company, TerraForm Power, in the $2.4 billion purchase of First Wind Holdings in late 2014. Prior to the acquisition of a large number of assets in any industry, it is imperative that the value of…
SunEdison is first to offer wind, solar and energy storage
SunEdison, Inc. has acquired the energy storage project origination team, project pipeline, and (subject to customary consents and assignments) four operating storage projects from Solar Grid Storage. SunEdison now offers battery storage solutions to complement solar and wind projects worldwide, providing solutions that can benefit utilities, municipalities, businesses, and consumers alike. “Storage is a perfect…