On Wednesday, Shares of Sunedison Inc (NYSE:SUNE), lost -10.32% to $9.30.
Equinix, Inc. (EQIX), the global interconnection and data center company, recently declared that it has signed a power purchase agreement (PPA) for 105 megawatts (MWAC) of new solar power with SunEdison, Inc. (SUNE), the largest global renewable energy development company. This purchase will cover all of Equinix’s California data centers, counting 11 facilities located in the Los Angeles and Silicon Valley metro areas, in addition to its Redwood City, California global headquarters. With this deployment, Equinix’s data center footprint will improvement its use of clean, renewable sources from 30% to 43% globally.
Highlights / Key Facts
- The project, known as the Mount Signal Solar II project, will be located in the territory of San Diego Gas & Electric near Calexico, California, and just north of the United States-Mexico border. Construction of the 150 MWAC total capacity solar farm is predictable to start in 2015 and achieve commercial operation in the second half of 2016.
- The Mount Signal Solar II project is predictable to generate 300,000 MWh per year to offset Equinix’s electrical consumption. The project will effectively reduce Equinix’s carbon footprint by over 180 million lbs of CO2 annually – the equivalent of taking 18,000 passenger cars off of U.S. roads each year. Equinix will also receive Green-e certified renewable energy certificates from SunEdison to bridge the about 12 months from contract execution to project completion.
- Earlier this year Equinix declared its commitment to 100 percent clean and renewable energy for its entire global footprint of 105 data centers located in 33 markets. Through ongoing development of partnerships Equinix continues to deploy innovative new technologies to make this commitment a reality. Most recently it deployed a 342 kWp PV solar system at its SG3 International Business Exchange™ (IBX®) data center in Singapore and is in the process of installing a 1MW fuel cell system, fueled by bio-gas, at its Silicon Valley (SV5) data center.
- Equinix also declared recently that it has signed on to the World Resources Institute (WRI) and World Wildlife Fund (WWF) Corporate Renewable Energy Buyers’ Principles, which are used to advocate for easier access to, cost competitiveness of, and raised grid use of renewable energy sources.
- Additionally, Equinix has joined the Rocky Mountain Institute’s Business Renewables Center (BRC) which is a collaborative platform aimed at accelerating corporate renewable energy procurement. SunEdison is a founding project developer member of the BRC.
SunEdison, Inc. (SunEdison) is a developer and seller of photovoltaic energy solutions, an owner and operator of clean power generation assets, and a developer and manufacturer of silicon wafers. The Company operates in three segments: Solar Energy, TerraForm Power and Semiconductor Materials through SunEdison Semiconductor Ltd. (SSL). The Company’s Solar Energy segment provides solar energy services that integrate the design, installation, financing, monitoring, operations and maintenance portions of the downstream solar market for the Company’s customers.
Shares of JD.Com Inc(ADR) (NASDAQ:JD), declined -4.54% to $24.83, during its last trading session.
JD.Com declared the opening of an office in Hong Kong and the signing of a planned agreement with COSCO Logistics to address growing customer demand for imported goods from leading brands from Asia and around the world. The company also declared that Sa Sa, Asia’s leading cosmetics retailer, will launch a flagship store on JD Worldwide.
The planned initiatives declared recently are intended to enhance engagement with brands and retailers across Asia, and to make it easier, and quicker for international merchants to ship directly to consumers in China. Leveraging JD’s local market presence and warehousing capabilities, merchants with a presence in Hong Kong will be able to manage sales, warehousing, shipping and fulfillment to customers in Mainland China directly from Hong Kong.
Hong Kong Office Expands JD.com’s Asian Reach
JD.com’s new Hong Kong office was officially opened yesterday at a launch event attended by Rain Long, JD.com’s Chief Human Resources Officer and General Counsel, and Simon Galpin, Director of Invest Hong Kong, among others. The office will enable JD.com to better engage with brands and retailers across Asia, counting in Hong Kong itself, Singapore, and major Southeast Asian markets, who are looking to tap JD.com’s 118 million active users in Mainland China. JD.com will build a team in Hong Kong that will focus on targeting and attracting new retail partners from around the region, and on engaging with the company’s other stakeholders in Asia.
JD.com, Inc. is an online direct sales company. The Company engages primarily in the sale of electronics and home appliance products and general merchandise products (counting audio, video products and books) sourced from manufacturers, distributors and publishers in People’s republic of China (PRC) on the Internet through its Website jd.com.
Shares of Xerox Corp (NYSE:XRX), declined -1.45% to $10.18, during its last trading session.
For the second successive year, Xerox (XRX) has been named to the Dow Jones Sustainability Index for North America. Launched in 1999, the Dow Jones Sustainability Indices evaluate the sustainability performance of the largest 2,500 companies listed on the Dow Jones Global Total Stock Market Index. Companies are selected for the indices based on a comprehensive assessment of long-term economic, environmental and social criteria that account for general in addition to industry-specific sustainability trends.
Xerox has a long-standing commitment to environmental sustainability that began more than 30 years ago with the introduction of two sided copying and continued over the decades with innovative solutions such as power down mode for office equipment and electronics remanufacturing. More recently, Xerox introduced a number of transportation solutions to enhance urban mobility, such as the Merge® smart parking system, which uses occupancy data from meters and sensors to vary pricing and hence availability and the Xerox Print Awareness Tool, which provides end-users with graphical displays of their print usage in addition to “eco-tips” to enhance sustainability awareness and choices.
In 2003, the company made a public commitment to reduce Green House Gas (GHG) emissions, surpassing initial expectations, and subsequently cutting energy consumption by 31 percent and GHG emissions by 42 percent - that’s 210,000 tons of carbon dioxide equivalents.
Xerox Corporation is engaged in offering business process and document administration solutions. The Company operates through the following segments: Services, Document Technology and Other. The Company’s customers comprise small and midsize businesses (SMBs), graphic communications companies, Governmental entities, educational institutions and Fortune 1000 corporate accounts.
Finally, Valero Energy Corporation (NYSE:VLO), ended its last trade with 1.05% gain, and closed at $59.82.
Valero Energy Corporation declared that the board of directors of its general partner has approved the Partnership’s acquisition of the Corpus Christi Terminal Services Business from a partner of Valero Energy Corporation (NYSE: VLO, Valero) for total consideration of $465 million. The transaction is predictable to close effective October 1, 2015.
The business to be attained comprises two terminals that support Valero’s Corpus Christi East and West refineries. The assets comprise of 134 tanks with 10.1 million barrels of storage capacity for crude oil, intermediates, and refined petroleum products.
The Partnership anticipates to finance the acquisition with $395 million in borrowings under a subordinated loa contract with Valero, in addition to the issuance of additional common units and general partner units to Valero auxiliaries, valued collectively at about $70 million. The newly issued units will be allocated in a proportion allowing the general partner to maintain its 2 percent general partner interest.
Upon closing, the Partnership plans to enter into a 10-year terminaling agreement with a partner of Valero. The business to be attained is predictable to contribute about $50 million of EBITDA in its first full year of operation.
Valero Energy Corp (Valero) is an international manufacturer and marketer of transportation fuels, other petrochemical products and power. The Company’s refineries can produce conventional gasolines, premium gasolines, gasoline, diesel fuel, low-sulfur diesel fuel, ultra-low-sulfur diesel fuel, CARB diesel fuel, other distillates, jet fuel, asphalt, petrochemicals, lubricants, and other refined products. The Company markets branded and unbranded refined products through about 7,400 outlets.
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