SunEdison delivers 404 MW of projects, USD-263m loss in Q2

Solar park in India built by SunEdison. Author: American Center Mumbai. License: Creative Commons, Attribution-NoDerivs 2.0 Generic

US renewables major SunEdison Inc (NYSE:SUNE) delivered a record 404 MW of power projects in the second quarter (Q2) of 2015 and reported a net loss of USD 263 million (EUR 241.5m).

The company today guided for 540 MW-600 MW of completed installations in July-September, and 2.1 GW-2.3 GW for the full 2015. It has 1.9 GW of projects under construction and 8.1 GW in the pipeline.

SunEdison posted annualised unlevered cash available for distribution (CAFD) for retained power capacity of USD 63 million in Q2, surpassing its forecast for USD 35 million-40 million. Its renewables yieldco TerraForm Power Inc (NASDAQ:TERP) delivered CAFD of USD 65 million.

Details on the company’s financial performance are available in the table.

Results in USD	Q2 2015	Q2 2014	H1 2015
Net loss to SunEdison stockholders	263 million	41 million	635 million
Operating loss	173 million	110 million	390 million
Net sales	455 million	431 million	778 million

Last month, SunEdison lifted its 2016 installations guidance to 4.2 GW-4.5 GW after announcing a definitive deal to take over residential solar company Vivint Solar (NYSE:VSLR).

(USD 1 = EUR 0.918)

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