Alternative Power: SunEdison Buys Canadian Projects
June 18, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — SunEdison, a division of MEMC Electronic Materials, Inc. (NYSE: WFR), said it has purchased of two ground-mount solar photovoltaic development projects in Ontario from TransAlta, a Canadian generator and marketer of electricity and renewable power.
The company said that the acquisition is part of itsongoing activities to accelerate the development of solar PV projects in Ontario.
Under the terms of the sale, SunEdison acquired more than 300 acres of land across two sites near Sandhurst, Ontario. The first site will be used to develop and construct a 10-MW Renewable Energy Standard Offer Program project. The second site will be developed for Ontario's Feed-in-Tariff program.
SunEdison said it will finance, build, own, operate, monitor and maintain the solar energy systems. The Ontario Power Authority will purchase the energy produced under the terms of Ontario's RESOP and FIT programs, both enabled by Ontario's Green Energy Act.
SunEdison is a North American solar energy services provider. The company finances, installs and operates distributed power plants using photovoltaic technologies, offering managed solar energy services for its commercial, government and utility customers.
Missouri-based MEMC is engaged in the manufacture and sale of wafers and related intermediate products to the semiconductor and solar industries. The firm has R&D and manufacturing facilities in the U.S., Europe, and Asia.
Real-time, streaming research for companies and funds mentioned in FinancialWire(tm) news is available via the Investrend Research Syndicate, courtesy of Stock Smart (at http://investrend.stocksmart.com/ss/html/hpcompany.html).
FinancialWire(tm) is committed to serving the financial community through true journalism and providing relevant resources to investors. Standards-based, independent equity research on numerous public companies is available through the Investrend Research Syndicate (http://www.investrend.com/reports) written by FIRST Research Consortium (http://www.investrend.com/FIRST) member-providers. Free annual reports and company filings for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279). FinancialWire(tm), in cooperation with the Investrend Broadcast Syndicate, also provides complete, daily conference call and webcast schedules as a service to shareholders and investors via the FirstAlert(tm) Network’s “FirstAlert(tm) Daily” (at http://www.financialwire.net/news-alerts/).
FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) website at http://www.financialwire.net/disclosures.php and http://www.financialwire.net/2010/04/23/safe-harbor/). Additional resources for investors are also accessible via the FinancialWire(tm) website (at http://www.financialwire.net/2010/04/23/investor-resources/). Contact FinancialWire(tm) directly via inquiries@financialwire.net.
[hlmsmlh] [altrntvtnr] [nrgyygrn] [flflflflfl] [grrnnwsnr] [mrgrsacqstns] [cndnexh] [ntrntnlcmpnsbsnss] [ftrdnwswnd]
EIN Presswire does not exercise editorial control over third-party content provided, uploaded, published, or distributed by users of EIN Presswire. We are a distributor, not a publisher, of 3rd party content. Such content may contain the views, opinions, statements, offers, and other material of the respective users, suppliers, participants, or authors.
