SunEdison Sees Installations Doubling as Solar Grows

(Bloomberg) — SunEdison Inc., a U.S. solar panel maker and
project developer, expects its annual installations to more than
double this year.

The company intends to complete solar and wind power
facilities with 2,100 to 2,300 megawatts of capacity during
2015, according to a presentation Tuesday. Last year it
completed 1,048 megawatts of solar farms, compared with a
forecast of 1,000 to 1,100 megawatts.

SunEdison, based in Maryland Heights, Missouri, expects
those figures to jump to 2,800 megawatts to 3,800 megawatts in
2016, rising to 3,800 megawatts to 4,000 megawatts in 2017. The
company listed a so-called yieldco, TerraForm Power Inc., in
July to hold and operate power projects it develops, and it’s
buying U.S. developer First Wind Holdings Inc. to expand into
other renewable-energy technologies.

“SunEdison is in a very strong position with pipeline in
three high-growth areas — utility-scale solar outside the U.S.,
residential and commercial solar in the U.S. and utility-scale
wind on a global level,” said Jacqueline Lilinshtein, a clean-energy analyst with Bloomberg New Energy Finance. “On top of
that, this multifaceted pipeline is going to feed into one of
the better-performing renewable-energy yieldcos on the public
market.”

Global solar installations this year may increase to more
than 52,000 megawatts as onshore wind demand rises to almost
60,000 megawatts, according to data compiled by Bloomberg New
Energy Finance, a London-based research firm.

Of the capacity it forecasts for 2015, SunEdison plans to
retain 1,840 to 2,000 megawatts while selling 260 to 300
megawatts of developments.

The stock gained 3.7 percent to $23.29 at the close in New
York. SunEdison climbed 50 percent in 2014, the most among peers
in the 21-member Bloomberg Intelligence Global Large Solar
Energy Index
.

To contact the reporters on this story:
Marc Roca in London at
mroca6@bloomberg.net;
Justin Doom in New York at
jdoom1@bloomberg.net

To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Robin Saponar, Steven Frank

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