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Green Economy

Published on June 22nd, 2015 | by Smiti

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SunEdison Set To Acquire Central America’s Leading Renewable Energy Company

June 22nd, 2015 by  


SunEdison has announced plans for yet another acquisition, as the world’s largest renewable energy project developer intends to expand its footprint around the world.

SunEdison has locked Globeleq Mesoamerica Energy (GME) in its acquisition radar, entering into a definitive agreement to acquire 100% of the Central American company. SunEdison will acquire 70% stake in GME from Actis, a global pan-emerging market private equity investor focused on the energy sector, and the remaining 30% stake from Mesoamerica Power Limited.

Through this acquisition SunEdison will control 243 MW of operational and 326 MW of under-development wind energy capacity across Central America, and will also gain control over 82 MW of operational solar power capacity.

This is simply the latest in a number of significant investments for SunEdison this year. In May, the company announced that it acquired 757 MW of operating wind, solar, and hydropower projects and 1,918 MW of Third Party Right of First Offer (ROFO) Projects across Brazil, China, India, South Africa, Peru, and Uruguay. And a few days back, the company announced the acquisition of Continuum Wind Energy, an India-based renewable energy independent power producer adding 1.4 GW of operational and under-development wind energy capacity. 
 


 


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About the Author

works as a senior solar engineer at a reputed engineering and management consultancy. She has conducted due diligence of several solar PV projects in India and Southeast Asia. She has keen interest in renewable energy, green buildings, environmental sustainability, and biofuels. She currently resides in New Delhi, India.



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