SunEdison, Inc. and its yieldco platform, TerraForm Power, Inc. have signed a definitive agreement to acquire First Wind for $2.4 billion. Equally owned by D.E. Shaw & Co. and Madison Dearborn Partners, First Wind is a leading independent wind and solar development and asset management company in the U.S. Marathon Capital served as an advisor to the Board of Managers of First Wind Holdings, LLC.- Algonquin Power & Utilities Corp. announced the achievement of commercial operation of the 24 MW Phase I St. Damase Wind Project in Quebec under the terms of the power purchase agreement with Hydro Quebec. St. Damase I consists of 10 Enercon E-92, 2.35 MW wind turbine generators. St. Damase I is expected to produce an average of 76.9 GW-hrs of electricity per year.
- The Ross Solar Group has reached an agreement with Gengras Motor Cars Inc. to install the two largest single SunPower rooftop solar installations to date in East Hartford, Conn. The systems will be located at the dealership group’s Volvo and Chevrolet facilities on Connecticut Blvd. Comprised of 1,124 high-efficiency SunPower Panels, the two systems are expected to generate in excess of 450,000 kilowatt hours of clean energy per year.
- Edeniq, Inc. has announced a Joint Development Agreement with Global Bio-chem Technology Group Limited. Following a letter of intent forged in July, the companies further cement their cooperation on developing the lowest cost process for converting corn stover to cellulosic sugars for use in the production of bio-based chemical products. Edeniq and Global Bio-chem plan to integrate their technologies in a commercial demonstration plant at Global Bio-chem’s facility in the Jilin Province of China.
