30 Jan '15, 11am

SunEdison completes First Wind deal to become world’s largest renewable energy developer: SunEdison an... #PVTech

SunEdison's Austin Energy project. Source: SunEdison. SunEdison and its TerraForm Power yield co have completed the US$2.4 billion acquisition of wind developer First Wind. The deal makes SunEdison the world’s largest renewable energy developer. The deal adds 500MW of operational wind power and 21MW of operational solar power to its own existing portfolio. A total of 8GW of development-stage projects have also been acquired. SunEdison president and CEO Ahmad Chatilla said the deal would allow the company to “drive significant growth in global renewable energy markets”. It also provides a new source of projects to “drop down” to the TerraFrom yield co. "It diversifies our portfolio to include contracted wind assets, increases our drop down inventory by 93% to 3.3GW, and demonstrates our ability to acquire large, high-quality, long-term, contracted portfolios from third part...

Full article: http://www.pv-tech.org/news/sunedison_completes_first_win...

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