Wednesday, November 11, 2015

SunEdison widens losses in the third quarter

SunEdison widens losses in the third quarter


11.11.2015: US solar manufacturer and project developer SunEdison Inc. saw its losses widen in the third quarter of this year, despite a slight year-on-year increase in sales. Quarterly net sales reached $476, up 1.5% from $469 million a year earlier. Net loss, meanwhile, widened to $328 million from $317 million. The company’s operating loss increased substantially from $127 million in the third quarter of 2014 to $250 million in the latest quarter. Of the total revenue, $293 million came from the company’s renewable energy development, while the company’s yieldco vehicles Terraform Power and Terraform Global were able to achieve quarterly sales of $163 million and $39 million, respectively. At the end of September, SunEdison had a PV project pipeline of 7.87 GW, of which 2.88 GW of projects under construction. Looking forward, SunEdison said it expects so deliver between 833 MW and 933 MW in the fourth quarter and between 2.15 GW and 2.25 GW in full fiscal year 2015. In the third quarter of this year the company delivered 640 MW. © PHOTON

www.sunedison.com

 

 

Monty Bannerman

ArcStar Energy

+1-646-402-5076

www.arcstarenergy.com

 

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