Thursday, November 6, 2014

SunEdison pipeline grows to 4.5 GW in third quarter as sales, losses grow

Article Abstract:



At the end of the third quarter, SunEdison had 610 MW of its pipeline under construction compared to 475 MW at the end of the second quarter and 558 MW at the end of Q3 2013.
U.S. solar powerhouse SunEdison saw year-on-year losses grow dramatically as sales climbed 11% to $681.2 million.
The company also added 561 MW to its pipeline and completed nearly 300 MW of projects in the quarter.
SunEdison’s loss grew from $108 million a year ago to $283.4 million between July and September. The Missouri-based group attributed the higher loss to "one-time asset impairment charges, higher operating expenses related to growth initiatives and costs associated with holding rather than selling completed projects."
SunEdison's San Andres project
SunEdison CEO Ahmad Chatila said the 
company continued its strong track record 
by completing construction of 297 MW
 during the third quarter.

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