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SunEdison announces acquisition of South African renewable energy portfolios

Author: Nye Longman

As part of a spate of global acquisitions, SunEdison will be purchasing a significant interest in a diversified portfolio of energy projects in South Africa in what must surely be a move to capitalise on the recent power outages which have engulfed the country.

SunEdison is an American company that leads the world in global solar solutions; alongside solar power facilities, the company manufactures a range of industry specific silicone products. As part of the agreement, SunEdison will assume management responsibilities for the power plants beginning one year after the transaction closing date.

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