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baxterjames120 384 posts  |  Last Activity: 8 hours ago Member since: Dec 5, 2009
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  • baxterjames120 baxterjames120 8 hours ago Flag

    Oh- and here is an international source of funds for yet another project. Building projects cost money and borrowing to build out these projects is an investment in the future of SunEdison.

    SunEdison Inc. (SUNE) received $146 million to build 81.7 megawatts of solar-power plants in Honduras.

    The International Finance Corporation, the Central American Bank for Economic Integration and the OPEC Fund for International Development are providing non-recourse debt financing for three solar farms, Maryland Heights, Missouri-based SunEdison said in a statement Dec. 15.

    The Pacifico, Choluteca I and Choluteca II power plants will supply energy to the grid in Honduras under 20-year power purchase agreements with ENEE, the state-owned electricity company. They are expected go into operation in the second half of 2015.

    The International Finance Corporation provided $85.9 million, while Central American Bank for Economic Integration and OPEC Fund for International Development provided $45 million and $15 million, respectively.

  • baxterjames120 baxterjames120 8 hours ago Flag

    SunEdison Closes Additional $117 Million Solar Fund With Barclays, Citi and TerraForm Power

    Second Fund This Year Brings Aggregate Solar Fund Value to $290 Million with the Barclays and Citi Investor Group

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    PR Newswire
    SunEdison, Inc.
    December 16, 2014 7:30 AM









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    BELMONT, Calif., Dec. 16, 2014 /PRNewswire/ -- SunEdison, Inc. (SUNE), a leading global solar technology manufacturer and provider of solar energy services, today announced that is has closed its second fund for distributed generation projects in the United States with Barclays and Citi. The lease pass-through fund is valued at $117 million, and follows on the Barclays and Citi fund closed earlier this year. This brings the aggregate value of funds closed this year with Barclays and Citi for SunEdison and TerraForm Power's distributed generation projects to $290 million.

    The fund will provide financing for a portfolio of distributed generation projects in 12 states across the West Coast, mid-Atlantic, New England, Hawaii and Puerto Rico. These projects are expected to be operational in the fourth quarter of 2014 through the first half of 2015. Upon mechanical completion, the projects will be sold to TerraForm Power.

    "Barclays and Citi have been great partners, working with SunEdison to bring distributed solar to new markets and customers," said Ryan Bennett, vice president of project finance, North America at SunEdison. "The creation of this second fund, so soon after the first, speaks to the success of our relationship with Barclays and Citi. This latest round continues to support our business model of developing high quality commercial and industrial projects with efficient capital provided by great partners. This is a highly scalable model that allows us to make life easy for our customers. As a result, business is booming."

    "The new fund with Barclays and Citi allows TerraForm Power to acquire a portfolio of highly attractive operational projects that are in geographically diverse locations," said Carlos Domenech, president and chief executive officer of TerraForm Power. "With this partnership, TerraForm Power continues to grow rapidly, building strong momentum in the marketplace and delivering value to its shareholders."

    "Citi is proud to continue its support for SunEdison and to help expand the financing of distributed generation solar power projects throughout the United States," said Marshal Salant, Head of Alternative Energy Finance at Citi. "Citi is committed to bringing the benefits of clean renewable energy to more businesses and consumers. This second SunEdison fund further develops the market for corporate, industrial and municipal medium-scale projects, and complements Citi's efforts to help clients finance large utility-scale and small-scale residential rooftop solar power projects."

    "Barclays is pleased to continue its support of SunEdison through this new fund, demonstrating our desire to continue to grow our role in the distributed generation solar tax equity market. Transactions like this are a real win-win for SunEdison and Barclays, as our expanded investment in SunEdison's solar development business also helps us deliver on our own citizenship commitments," said Rama Subramaniam, managing director, Barclays.

  • baxterjames120 baxterjames120 8 hours ago Flag

    Where is cash coming from? How about two of the world's largest financial institutions. Borrowing money to build out contracted international products is not a bad thing- unless you are a basher

  • Reply to

    If you lost $4M a day

    by demerson09 Dec 19, 2014 11:08 PM
    baxterjames120 baxterjames120 Dec 20, 2014 4:35 PM Flag

    I think just the opposite. Short term this will tread water as oil tries to find support. Long-term, SUNE will continue getting international projects. I could see SUNE north of $40 in 2-3 years. If oil reverses hard to the upside we could reach analys'ts price targets much quicker. I just hope SUNE reacts as strongly to oil on the way up as it did on the way down. Neither move makes sense in that oil and solar address two totally different industries -transportation versus electricity generation.

  • Earlier this week he said- We will definitely see oil at $45 and probably in the $30's. Now as it heads higher he says the bottom is probably in. He does this all the time. Why does CNBC waste our time with this joker. Feel sorry for people who pay for his financial advice.

  • we are only 20 cents away from $20. Last 30 minutes could get interesting.

  • SUNE seems to dip with oil but not rebound with oil?

  • baxterjames120 by baxterjames120 Dec 19, 2014 11:32 AM Flag

    The longer-term trend for oil looks even worse. California, which leads the U.S. and much of the world in technology and regulatory policy has set, by law, the target of reducing statewide carbon emissions to 80% below 1990 levels by 2050. Achieving this goal will require that essentially all grid electricity and all surface transport be powered from renewable or nuclear sources. This will effectively remove the California market for petroleum, except possibly for aircraft and marine fuel, and petrochemicals.

    Countries with severe pollution, and countries concerned with CO2 emissions and climate change will follow California's lead because that is the only practical solution to these issues short of collapsing their economies.

  • Why oil isn't selling, even at 40% off.

    Not very long ago, the world was buying oil for $100 a barrel, and in enormous quantities, tens of millions of barrels a day. But today, selling incremental oil is rather like trying to push rope. If we think about this, it isn't hard to understand why the oil market is so inelastic.

    Basically, we really don't like having to buy oil and burn gasoline. This stuff stinks, it's sticky, dirty, ugly, carcinogenic, it tastes bad, it may even be destroying our planet. Running you car on gasoline, or running your economy on oil feels like being enslaved to oil producers, and some oil producers tend to engage in rude, anti-social behaviors that we prefer not to encourage.

    We, in this case doesn't refer to a few over the top environmentalist crazies. The vast majority of consumers feel this way to some degree. And entire nations and their Governments feel this way as well. Tax policy and vehicle regulation has, for decades, in most of the world, sought to minimize vehicle fuel consumption in the interest of the environment, local economies, national balances of payment and the like. And, these policies have worked. Oil demand today is much less than it would have been had we not made efforts to increase efficiency and minimize petroleum fuel use.

    The simple fact is that oil demand is at least as inelastic as the supply and rates of demand growth are coming in lower than predictions made some years ago. In the U.S., carmakers are working toward the 54 mpg CAFE target, twice the mileage of current offerings, which are already far more efficient than just a few years ago. In China, the government has come to realize that fuel burning cars and power plants are a threat to habitability of their cities and pressuring carmakers to supply cleaner - and in many cases - more fuel efficient cars.

    The longer-term trend for oil looks even worse. California, which leads the U.S. and much of the world in technology and regulatory policy has set, by law, the target of reducing statewide carbon emissions to 80% below 1990 levels by 2050. Achieving this goal will require that essentially all grid electricity and all surface transport be powered from renewable or nuclear sources. This will effectively remove the California market for petroleum, except possibly for aircraft and marine fuel, and petrochemicals.

    Countries with severe pollution, and countries concerned with CO2 emissions and climate change will follow California's lead because that is the only practical solution to these issues short of collapsing their economies.

    All of this, the current oil price, efficiency regulations already in place, and future policy roadmaps for dealing with pollution and climate all point to an approaching peak demand for oil. The situation we face is not entirely an unanticipated one. Some years ago, a Saudi Oil Minister summed it up nicely:

    Thirty years from now there will be a huge amount of oil - and no buyers. Oil will be left in the ground. The Stone Age came to an end, not because we had a lack of stones, and the oil age will come to an end not because we have a lack of oil. - Sheik Ahmed Zaki Yamani

    With the latest crash of oil prices and market turbulence, we may, in fact, be seeing the beginning of the end of the age of oil. If this change is now upon us, or is even beginning to come into our view and forward expectations, that will "change everything." Current market turbulence would seem the product of just the sort of uncertainty we would expect from a sea change like the ending of oil's dominance of the world energy business.

  • baxterjames120 baxterjames120 Dec 19, 2014 11:13 AM Flag

    oil prices will rebound and solar prices are falling.

  • baxterjames120 by baxterjames120 Dec 19, 2014 10:46 AM Flag

    Let's see what effect is has on SUNE

  • baxterjames120 by baxterjames120 Dec 19, 2014 9:58 AM Flag

    I predict we see $22 by Dec. 31. I think oil has bottomed

  • High-profile investors have gained widespread attention this year for making plans to dump investments in fossil fuels or bet on clean energy.

    The Rockefeller family announced in September that it would shed its holdings in coal and other fossil fuels. Billionaire investor Warren Buffett said in June that Berkshire Hathaway, the company he heads, plans to double an existing $15 billion commitment to renewable-energy projects, including wind farms.

    Many investors are drawn to such investments both because of social aims and potential profits. Environmental factors, such as clean and renewable energy, are incorporated into the management strategies of 672 mutual funds, hedge funds and other investment funds that collectively have $2.9 trillion in assets, according to the Forum for Sustainable and Responsible Investment's annual report.

    The New Alternatives Fund, whose largest holdings include Brookfield Renewable Energy Partners, which operates renewable-power facilities, and NextEra Energy Partners, which owns an array of clean energy projects, is up 1% this year. The fund has $171.3 million in assets as of Nov. 30, according to Chicago-based investment-research firm Morningstar. The fund charges 1.16% in annual fees, or $116 on a $10,000 investment, as well as a sales charge of up to 4.75%. Accrued Equities, an investment firm which runs the New Alternatives Fund, says it will introduce a similar mutual fund that carries no sales fee next month.

    The Guggenheim Solar exchange-traded fund, the largest ETF that focuses on alternative energy, includes Hanergy Thin Film Power Group, a solar-energy firm, and SunEdison, a semiconductor and solar-technology company, among its largest holdings. The fund has $262 million in assets, and charges 0.7% in annual fees. The fund is down 7.4% this month and down 5.9% so far this year.

    The recent pullback across the energy sector could provide an opportunity to invest in alternative energy at a discount, says Tom Moser, a financial adviser with High Impact Investments in Marana, Ariz., who specializes in the sector.

    "We are not at the point where the big energy companies are going away," he says. "But this is a transition. If one goes out 10 years from now and looks backward, they will probably say to themselves, 'I should have seen it.'"

  • Cuba get's their oil from Venezuela. With oil prices falling and the news about U.S. relaxing Cuban sanctions, Cuba could be a big solar customer soon.

  • Germany plans to force utilities to cut CO2 emissions
    Nov 26 2014, 11:48 ET | By: Carl Surran, SA News Editor Contact this editor with comments or a news tip
    Germany's utility lobby group BDEW says it sees no room for power plant operators to cut emissions unilaterally without fundamental reform of the power market, it said after talks with Germany's energy minister.Germany's government plans to force utilities to lower their CO2 emissions by 4.4M tons each year during 2016-20, as it struggles to meet its self-imposed target to reduce emissions by 40% by 2020 from 1990 levels.Major utilities RWE (OTCPK:RWEOY) and E.ON (OTCQX:EONGY), already struggling due to losses from their coal- and gas-fired generation fleet, are likely to be the most affected by the measure.

  • baxterjames120 by baxterjames120 Dec 18, 2014 6:24 PM Flag

    FBR Capital chooses Noble Energy (NBL +8.8%), Schlumberger (SLB +4.6%), Synergy Resources (SYRG +6%), Consol Energy (CNX +3.4%) and SunEdison (SUNE +0.7%) as its top energy and natural resources stocks for 2015.

  • Reply to

    Somebody wanted in after hours

    by francismcwilliams Dec 18, 2014 4:34 PM
    baxterjames120 baxterjames120 Dec 18, 2014 5:26 PM Flag

    often those large quantities after the close are aggregated late posts

  • Maybe Mr. Market finally figured out the oil and solar are not competitors.

  • baxterjames120 baxterjames120 Dec 17, 2014 2:13 PM Flag

    meant to say SUNE to hit $19 - TAN etc is now up 2.4% for the day.

NOK
7.91-0.13(-1.62%)Dec 19 4:03 PMEST

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