Sunedison signs supply agreements which anable addition of 1.6 gigawatts of wind energy projects
Belmont, USA - Sunedison, Inc. and Terraform Power, Inc. announced that Sunedison had 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).
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.
"The purchase of these PTC qualified wind turbines will further enhance our renewable energy development engine and increase its already impressive growth trajectory," said Ahmad Chatila, President and Chief Executive Officer of SunEdison. "The acquisition of First Wind accelerates our ability to capitalize on the attractive growth opportunities in the global wind power markets. We planned for the most conservative case
Source: IWR Online, 09 Jan 2015
