On Wednesday, Shares of Sunedison Inc (NYSE:SUNE), gained 7.96% to $7.19.
Equinix, Inc. – 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 [1]. 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).
Shares of Alibaba Group Holding Ltd (NYSE:BABA), inclined 1.95% to $58.95, during its last trading session.
Alibaba Group Holding, Ant Financial Services Group and One97 Communications, the parent company of Paytm, India’s largest mobile payment & commerce platform, declared recently a contract under which Alibaba and Ant Financial have agreed to make a planned investment in Paytm. Ant Financial made its initial investment in Paytm in February 2015 while Alibaba will become a new investor in Paytm after the completion of the transaction.
The fresh capital infusion will allow Paytm to achieve scale and develop its vibrant mobile commerce and payment ecosystem in India and invest in marketing, technology and talent. Investing in Paytm will enhance the ability of Alibaba and Ant Financial to tap opportunities in India’s fast-growing mobile e-commerce marketplace and digital finance industry.
Ant Financial has been developing synergies with Paytm since its initial investment in February of this year. Ant Financial’s further investment in Paytm with this transaction demonstrates the company’s confidence in India’s digital payment sector. Ant Financial and Paytm will continue to capitalize on opportunities in mobile wallet to offer Indian consumers comprehensive products and services and to tap the noteworthy potential of the India mobile payment market.
This transaction further demonstrates the commitment of Alibaba, the largest online and mobile commerce company in the world in terms of gross merchandise volume, to continue to internationalize its e-commerce business.
Alibaba Group Holding Limited is a holding company. The Company is principally engaged in online and mobile commerce through products, services and technology. The Company provides retail and wholesale marketplaces accessible through both personal computer and mobile interfaces in the PRC and internationally.
Shares of Abbott Laboratories (NYSE:ABT), inclined 1.82% to $40.22, during its last trading session.
Abbott Laboratories will declare its third-quarter 2015 financial results on Wednesday, Oct. 21, 2015, before the market opens.
The declaration will be followed by a live webcast of the earnings conference call at 8 a.m. Central time (9 a.m. Eastern), and will be accessible through Abbott’s Investor Relations website at www.abbottinvestor.com. An archived edition of the call will be available after 11 a.m. Central time.
Abbott Laboratories (Abbott) is engaged in the discovery, development, manufacture and sale of a range of health care products. Abbott operates in four business segments: Established Pharmaceutical Products, Diagnostic Products, Nutritional Products, and Vascular Products.
Finally, Blackstone Group LP (NYSE:BX), ended its last trade with 5.39% gain, and closed at $31.69.
Blackstone Group declared that it will host its third quarter 2015 investor conference call on Thursday, October 15th, 2015 at 11:00 a.m. ET. Steve Schwarzman, Chairman, Chief Executive Officer and Co-Founder; Tony James, President and Chief Operating Officer; Michael Chae, Chief Financial Officer; Joan Solotar, Head of Multi-Asset Investing and External Relations; and Weston Tucker, Head of Investor Relations, will review Blackstone’s third quarter 2015 results. You can listen to the call by dialing +1 (877) 391-6747 (U.S. domestic) or +1 (617) 597-9291 (international) passcode number 149 943 55#.
The Blackstone Group L.P. (Blackstone) is a global alternative asset manager and provider of financial advisory services. The Company’s alternative asset administration businesses comprise investment vehicles focused on private equity, real estate, hedge fund solutions, non-investment grade credit, secondary funds and multi-asset class exposures falling outside of other funds’ mandates.
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