SunEdison is launching an important power purchase agreement product in seven states to make tax equity financing promptly available. The new expanded channel and sales base and with the lately acquired numerous residential power plants, SunEdison is now strongly positioned to provide services to every category of the small and residential solar power market.
SunEdison Inc has declared that it owns LightWing an all-inclusive solar power solution for retail energy providers and utility companies and also includes a special partnership in sales with Evolve, the largest residential solar resellers in United States. The company’s Global General Manager and Senior Vice President Vikas Desai stated that the company has expanded its product portfolio and multiple channels for propelling strong growth. The residential PPA product addition gives the company the capability to serve the residential and small market effectively in each segment.
Morgan Stanley the leading financers will partner with TerraForm Power for PPA product tax equity financing. Morgan Stanley is a prominent finance services company dealing in wealth management, investments, investment banking securities, and has clients worldwide that includes institutions governments, and individuals across 43 countries.
Morgan Stanley stresses on sustainable investments and the company’s Institute for Sustainable Investing aims to organize capital that can work on current global challenges and recognize scalable solutions based on the market needs. Morgan Stanley has established Green Bond Principles which are guidelines for green bond market that work through transparency, integrity and disclosure.
The company has pioneered green bonds since 2013 and has initiated 27 green bond transactions amounting to over US$15 billion in principal amount. These included the first corporate green bond an first university green bond in the U.S.