SunEdison Wins Order to Supply California Projects

Oct. 22 (Bloomberg) — SunEdison Inc., the best-performing
solar company this year, won an order to install 17.7 megawatts
of panels for public agencies at more than 30 sites in

Construction on the mix of rooftop, canopy and ground-mounted systems will begin by year-end and be complete by the
end of 2015, St. Peters, Missouri-based SunEdison said today in
a statement. Financial terms weren’t disclosed for the order,
which involves working with nine agencies in Alameda, Contra
Costa and San Mateo counties.

SunEdison and its TerraForm Power Inc. unit will own and
operate the solar arrays. David Einhorn, president of hedge fund
Greenlight Capital Inc., this week recommended buying shares in
both companies, saying SunEdison is worth $32 a share.

SunEdison climbed 0.4 percent to $19.12 at 10:27 a.m. in
New York. The stock has gained 47 percent this year, leading the
21-member Bloomberg Intelligence Global Large Solar index.

To contact the reporter on this story:
Justin Doom in New York at

To contact the editors responsible for this story:
Reed Landberg at
Tina Davis, Robin Saponar

About BloombergNEF

BloombergNEF (BNEF), Bloomberg’s primary research service, covers clean energy, advanced transport, digital industry, innovative materials and commodities. We help corporate strategy, finance and policy professionals navigate change and generate opportunities.

Available online, on mobile and on the Terminal, BNEF is powered by Bloomberg’s global network of 19,000 employees in 176 locations, reporting 5,000 news stories a day.
Sign up for our free weekly newsletter →

Want to learn how we help our clients put it all together? Contact us