On Friday, Shares of NRG Yield, Inc. (NYSE:NYLD), gained 11.68% to $12.91.
NRG Yield, declared it has reached an agreement with NRG to acquire 75% of the equity interests in a portfolio of wind projects comprising primarily of assets attained by NRG from Edison Mission Energy in April 2014 (EME Wind Portfolio) for $210 million in total cash consideration, subject to working capital adjustments, plus assumed project debt of about $145 million and tax equity of about $97 million (as of August 1, 2015 on a pro rata basis).
The EME Wind Portfolio comprises the following assets, representing about 814 net megawatts (MW) of total operating capacity:
- Elkhorn Ridge – 54 MW wind facility located in Bloomfield, NE
- San Juan Mesa – 90 MW wind facility located in Elida, NM
- Wildorado – 161 MW wind facility located in Vega, TX
- Crosswinds – 21 MW wind facility located in Ayrshire, IA
- Forward – 29 MW wind facility located in Berlin, PA
- Hardin – 15 MW wind facility located in Jefferson, IA
- Odin – 20 MW wind facility located in Odin, MN
- Sleeping Bear – 95 MW wind facility located in Woodward, OK
- Spanish Fork – 19 MW wind facility located in Spanish Fork, UT
- Lookout – 38 MW wind facility located in Berlin, PA
- Goat Wind – 150 MW wind facility located in Sterling City, TX
- Elbow Creek – 122 MW wind facility located in Howard County, TX
NRG Yield, Inc., through its auxiliaries, acquires, owns, and operates contracted renewable and conventional generation, and thermal infrastructure assets in the United States. As of December 31, 2014, it had 4 natural gas or dual-fired facilities, 4 thermal generation facilities, 11 utility-scale solar and wind generation facilities, and 2 portfolios of distributed solar facilities with a capacity of about 2,984 net megawatt (MW).
At the end of Friday’s trade, Shares of Sealed Air Corp (NYSE:SEE), gained 2.15% to $47.98.
Sealed Air Corporation, declared that it has reached an agreement for the potential sale of its European food trays business to Faerch Plast A/S, a European food packaging solutions provider. The transaction will comprise Sealed Air’s manufacturing facilities in Poole, UK and Bunol, Spain, and is contingent on customary closing conditions which are anticipated to occur in the fourth quarter of 2015.
Sealed Air’s European food trays businesses generated about $71 million USD in sales for fiscal year 2014.
Sealed Air Corporation provides food safety and security, facility hygiene, and product protection solutions worldwide. The company’s Food Care segment offers integrated system solutions that incorporate equipment systems into customers operations; and packaging equipment systems that incorporate various options for loading, filling and dispensing, and retort and aseptic processing conditions.
Finally, SolarWinds Inc (NYSE:SWI), ended its last trade with 1.86% gain, and closed at $40.44.
SolarWinds, declared it will introduce Docker monitoring from Librato, its real-time cloud monitoring solution, at AWS re:Invent™ in Las Vegas, October 6-9. SolarWinds will showcase Librato®, in addition to Papertrail™ for log administration and Pingdom for web performance monitoring, which collectively provide full-stack monitoring and visibility into cloud applications.
At Amazon Web Services® (AWS®) re:Invent, nearly 20,000 developers, engineers, and other experts in systems administration and operations will gather to explore new and existing AWS offerings, attend training, and discuss best practices and solutions for supporting their cloud infrastructures.
SolarWinds, Inc., together with its auxiliaries, designs, develops, markets, sells, and supports enterprise-class information technology (IT) and infrastructure administration software to IT and DevOps professionals in various organizations worldwide.
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