Solar energy co. SunEdison buying wind power co.

[Omaha Steve]

Source: AP-Excite

Solar energy company SunEdison is adding some wind-fueled power to its business with a deal worth up to $2.4 billion.

The St. Peters, Missouri-based company and its publicly traded subsidiary, TerraForm Power, said Monday that they are buying First Wind for $1.9 billion now and $510 million in payments if First Wind completes certain projects.

First Wind, based in Boston, develops, owns and operates wind projects across the U.S.

SunEdison, which develops and operates solar power plants, said the deal will make it the world's largest renewable energy development company.

FULL story at link.



Read more: http://apnews.excite.com/article/20141117/us--wind_power_deal-5aba80f18e.html

[msongs]

1. corporate conglomerates trying to hijack solar. rooftop solar for everyone nt