SunEdison to add 1.6 Gigawatts of Wind Energy projects to development engine (Scandinavian Oil-Gas Magazine)

SunEdison to add 1.6 Gigawatts of Wind Energy projects to development engine

Published Jan 9, 2015

SunEdison, Inc. has purchased new turbines that will enable SunEdison to develop up to 1.6 gigawatts (GW) of incremental wind energy projects which qualify for the U.S. federal production tax credit (PTC). TerraForm will purchase the projects from SunEdison once they achieve commercial operation.

On November 17, 2014 , SunEdison and TerraForm announced that they had signed a definitive agreement to acquire First Wind for $2.4 billion . The purchase included over 1.6 GW of pipeline and backlog projects of which 1.4 GW were already PTC and or ITC qualified projects and an additional 6.4 GW of project development opportunities.

Tags: SunEdison Inc.

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