On Monday, Yingli Green Energy Holding Co Ltd (ADR) (NYSE:YGE)’s shares inclined 15.58% to $0.497.
Yingli Green Energy Holding Company Limited (YGE), one of the world’s leading solar panel manufacturers, declared that its holding partner, Yingli Energy Company Limited has reached a contract with CFC Group Construction Limited to supply 170 megawatts (MW) of solar panels for utility-scale power plants in China’s Hebei province. It is Yingli’s largest solar panel supply agreement to date in China.
According to the agreement, Yingli will deliver over 650,000 multicrystalline YGE Series solar panels to CFC Construction during the third quarter and fourth quarter of 2015. The panels will be installed in power plants located in the city of Zhangjiakou, one of Hebei province’s largest municipalities. Once operational, the panels are predictable to generate more than 200,000 megawatt-hours of clean energy, offsetting about 120,000 tons of carbon emissions.
Zhangjiakou is an ideal location for the development of solar power plants due to its abundant solar resources, large industrial base, and high demand for electricity, so it was selected by China’s State Council to be the site of the country’s first renewable energy pilot zone. Zhangjiakou also recently won the rights to host the 2022 Winter Olympic Games together with Beijing, and these new solar power plants will assist provide clean solar power for a green, low-carbon Olympics.
Yingli Green Energy Holding Company Limited, together with its subsidiaries, designs, develops, markets, manufactures, sells, and installs photovoltaic (PV) products in the People’s Republic of China and internationally.
Enterprise Products Partners L.P. (NYSE:EPD)’s shares gained 2.09% to $27.38.
Enterprise Products Partners L.P. (EPD) declared that its operating partner, Enterprise Products Operating LLC (“EPO”), raised its bank credit facilities by $500 million to provide the company with up to $5.5 billion of aggregate borrowing capacity. The facilities comprise of an amended $4.0 billion multi-year revolving credit agreement that matures in September 2020 and a new $1.5 billion 364-day revolving credit agreement, both of which are unconditionally guaranteed by Enterprise on an unsecured and unsubordinated basis. As of recently, aggregate accessible borrowing capacity under the raised bank credit facilities is about $4.7 billion.
Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. Our services comprise: natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage and import and export terminals; crude oil gathering, transportation, storage and terminals; petrochemical and refined products transportation, storage and terminals; petrochemical transportation and services; and a marine transportation business that operates primarily on the United States inland and Intracoastal Waterway systems and in the Gulf of Mexico. The partnership’s assets comprise about 49,000 miles of pipelines; 225 million barrels of storage capacity for NGLs, petrochemicals, refined products and crude oil; and 14 billion cubic feet of natural gas storage capacity.
Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products in the United States and internationally. Its NGL Pipelines & Services segment provides natural gas processing and related NGL marketing services, in addition to import and export terminal services.
At the end of Monday’s trade, Archer Daniels Midland Company (NYSE:ADM)‘s shares surged 0.35% to $43.38.
Archer Daniels Midland Company (ADM) declared that it will open in October a new, state-of-the-art flavor creation, application and customer service facility in Cranbury, New Jersey. The 15,700-square-foot site will comprise lab, office and meeting space—counting dedicated lab space for mint and oral care products—and will house a staff of flavorists and applications technologists.
“Our customers expect a lot from working with the premier flavor company in the world, and this facility will assist us continue to meet—and exceed—their needs,” said Ken Campbell, president of ADM’s WILD Flavors business. “This new facility will be easy to reach for major customers, it will feature state-of-the-art equipment and resources—counting a customer innovation center—and it will be staffed with talented, dedicated flavorists and application technologists who are ready and eager to work side by side with customers to meet their needs. This facility will assist us continue to grow WILD Flavor’s sales and ensure that we remain the first and best choice among global flavor companies.”
Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities and products. The company’s Oilseeds Processing segment originates, merchandises, crushes, and processes soybeans and soft seeds into vegetable oils and protein meals.
CarMax, Inc (NYSE:KMX), ended its Monday’s trading session with 3.97% gain, and closed at $62.66.
CarMax, Inc. (KMX), the nation’s largest retailer of used cars, declared a new partnership with the Minnesota Golden Gophers. As part of the multi-year sponsorship agreement through Learfield Sports’ Gopher Sports Properties, CarMax is now the official used car retailer of the team. CarMax will receive extensive branding within TCF Bank Stadium and the surrounding footprint, in addition to media, digital and social elements throughout the football and basketball seasons.
The Bright Side of Game Day will give fans the chance to win VIP packages to home games by sharing via Instagram how they are enjoying the Bright Side of Game Day using the #GophersBrightSide. The promotion will also come to life through a fireoperates display, a first for the Gophers, following a home game this season. Additionally, CarMax will partner with the Gophers on their Military Appreciation Day on Saturday, Oct. 17 to honor local members of the military.
CarMax, Inc., through its auxiliaries, operates as a retailer of used vehicles in the United States. The company operates in two segments, CarMax Sales Operations and CarMax Auto Finance.
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