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SunEdison signs definitive agreement to acquire GME


Published Jun 19, 2015
SunEdison Inc.-4

SunEdison, Inc. has signed a definitive agreement to acquire 100 percent of Globeleq Mesoamerica Energy (GME), Central America's leading renewable energy company. SunEdison will acquire a 70 percent interest in GME from Actis, a global pan-emerging market private equity investor focused on the energy sector, and a 30 percent interest from Mesoamerica Power Limited. The acquisition will solidify SunEdison's position as the largest renewable energy developer in Central America as it expands its presence in the global renewable energy market.

Through the acquisition, SunEdison will acquire GME's development and asset management platform: a portfolio consisting of four operating wind power plants with a capacity of 243 megawatts (MW) AC, and a solar power plant with a capacity of 82 MW DC located in Costa Rica , Honduras and Nicaragua ; 80 MW AC of wind farms entering construction in Costa Rica ; and a pipeline of 246 MW AC of wind under development in various countries across Central America .

Tags: SunEdison Inc.




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