Tag Archives: first reserve

MEMC Electronic Materials (WFR) Subsidiary SunEdison Sells Bulk Of Largest Solar Plant In Europe (Rovigo) For Nearly $400 Million

Shares of MEMC Electronic Materials (WFR) gapped up this morning on news its subsidiary SunEdison has sold what will be Europe‚Äôs largest solar plant to First Reserve for nearly $400 million.  The 70MW Rovigo Solar Plant in Northern Italy was co-developed by SunEdison and Banco Santander and SunEdison will remain a minority investor in the project in addition to running the plant.  First Reserve has made an initial payment of nearly $60 million and will … Read the rest