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SunEdison invests in renewable energy

Monday, June 29, 2015

One of the world’s largest renewable energy project developer has agreed to acquire Globeleq Mesoamerica Energy, one a leading producer of wind and solar projects in Central America.

SunEdison Inc., based in the United States, will have 243 megawatts of capacity in wind farms in the region, along with 82MW of solar power, with an additional 326 MW of wind-energy projects under development.

Globeleq Mesoamerica Energy, which operates in Costa Rica, Honduras and Nicaragua, has in the last decade provided over $600 million in financing for wind-generation projects in the region.

The majority owner of Globeleq Mesoamerica Energy is Actis Capital LLP, an investment fund based in the United Kingdom and specializing in emerging markets.

The minority owner is Mesoamerica, based in Costa Rica and Colombia,

Founded in 1959, SunEdison last year had revenue of $2.5 billion, from wind farms and and solar operations in the Americas, Asia and Europe.

The company’s stock trades on the New York Exchange.

Details of the proposed acquisition were not disclosed.