Renewable Energy Gains Momentum - Report on SunEdison, Inc.

NEW YORK, September 14, 2015 /PRNewswire/ --

ACI Association has initiated research coverage on SunEdison, Inc. (NYSE: SUNE). Select highlights from the internally released reports are being made available to the general public (included below), with access to the entirety of the research available to new members.

Today, membership is open to readers on a complementary basis at the following URL: http://www.aciassociation.com/reports?keyword=SUNE

Highlights from our SUNE Report include:

• SunEdison Completes 6MW Solar Power Facility - In a press release published on August 19, 2015, SunEdison, Inc. reported that the Company has completed construction of a 6 megawatt (MW) AC solar power plant that will generate electricity for Florida's Lakeland Electric, through a 25-year power purchase agreement. The Bella Vista solar power plant is designed to generate about 14 gigawatt-hours of clean electricity each year, enough to power more than 1,300 homes.

• Management Note - According to Paul Gaynor, SunEdison's Executive VP, Americas and EMEA, "Lakeland Electric is a forward thinking, pragmatic utility company. With the Bella Vista solar project, and two other projects that are currently being developed, Lakeland and its customers will have access to clean, reliable, and cost-effective energy for years to come."

• Operations & Maintenance - TerraForm Power, Inc., a unit of SunEdison Inc. and a global owner and operator of clean energy power plants, acquired Bella Vista solar project upon completion from its Call Right Projects list. Ongoing operation and maintenance of the Bella Vista power generation facility will be performed by SunEdison services.

• SunEdison and Dominion Partner for 420 MW Solar Project in Utah - In another press release dated August 12, 2015, SunEdison reported about developing a 420 megawatt (MW) DC, or 320 megawatt AC, Four Brothers solar project in Utah through establishing a new joint venture with Dominion, one of the U.S.'s largest producers and transporters of energy. Under the terms of the joint venture, Dominion will invest c. $500 million to acquire 50% of the cash equity of the Four Brothers project, and 99% of the tax equity, including funding of construction.

• Project Benefits - The Four Brothers project is already contracted under a long-term Power Purchase Agreement for 20 years with PacifiCorp, a subsidiary of Berkshire Hathaway Energy. Upon completion, the project is expected to produce enough electricity to power more than 90,000 local homes. Moreover, the project is expected to create 500 construction jobs within the rural communities of Beaver and Iron Counties and produce $66 million in direct property and income taxes over 20 years.

• Management Outlook - "From a financial perspective, the Dominion partnership demonstrates the quality of our project and provides SunEdison and TerraForm Power with a complete solution for the construction and permanent financing of this 420 MW solar facility," commented Paul Gaynor, Executive VP of SunEdison EMEA & Americas.

To find out how this influences our rating on SunEdison, Inc., read the full report in its entirety here: http://www.aciassociation.com/reports?keyword=SUNE

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