Friday, August 14, 2015

Sunedison announces Dominion partnership in 420 megawatt PV project

All-in $1.54/Watt AC including fees and panel tariffs.

 

 

14.08.2015: US-based Sunedison, Inc. announced they have signed a definitive agreement with Dominion, producers and transporters of energy, establishing a joint venture for Four Brothers, a 420 megawatt solar project in Utah, USA, developed by Sunedison. The project is now under construction and fully financed with an expected commercial operation date of mid-2016. The Four Brothers project is contracted under long-term power purchase agreements for 20 years with PacifiCorp (A-/A3), a subsidiary of Berkshire Hathaway Energy. Dominion will invest approximately $500 million to acquire 50 percent of the cash equity and 99 percent of the tax equity in Four Brothers, including funding of construction. Sunedison will contribute the remaining portion of the capital required to complete the project, which it has fully financed through a $150 million four-year term loan with Deutsche Bank. The total $650 million financing package fully funds the project for completion and long-term ownership. © PHOTON

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