SunEdison continues solar project buying spree

SunEdison (SUNE) is buying 50MW of solar projects from solar development firm BlueWave Capital for an undisclosed sum.

The assets include 12 Massachusetts projects that were jointly developed by SunEdison and BlueWave. SunEdison and its financing partners will sell net metering credits to MA cities, colleges, and housing authorities. The projects will be managed by SunEdison's Renewable Operations Center.

On Tuesday, SunEdison announced a deal to buy half of major project developer Silver Ridge Power from AES.

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Comments (1)
  • The Old Currency
    , contributor
    Comments (568) | Send Message
    Great strategy, more passive income to help grow the company through development along with removing the burdening semiconductor business.
    19 Jun 2014, 07:37 PM Reply Like
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