SunEdison sells 33 MW of PV plants in Italy, Spain to KGAL
Wednesday, 12 October 2011 12:34 | 
SunEdison sells 33 MW of PV plants in Italy, Spain to KGAL
On October 10th, 2011, SunEdison LLC (Beltsville, Maryland, U.S.) announced that it has sold 33 MW of solar photovoltaic (PV) plants in Italy and Spain to KGAL GmbH & Company KG (Grünwald, Germany).
These projects follow 20 MW of PV plants sold to KGAL GmbH in the second quarter of 2011, for a total of 12 projects with a total installed capacity of 53 MW. SunEdison will monitor, maintain and operate the PV plants under long-term agreements.
"This transaction demonstrates SunEdison's ability to create attractive solar investments with innovative financing and proven cost structures," states SunEdison General Manager for Europe, Middle East, North Africa and Latin America Pancho Perez.
"It also proves our commitment toward the Italian and Spanish solar markets, where we continue to develop and build outstanding projects, as well as support top local developers."
SunEdison also present in commercial rooftop, residential PV markets
The PV plants acquired by KGAL were developed by SunEdison's utility-scale projects division. SunEdison notes that it is also present in other business areas in the European PV market, including in commercial rooftop and residential PV.
SunEdison is a division of MEMC Electronic Materials Inc. (St. Peters, Missouri, U.S.).
KGAL is a German investment company owned by Commerzbank AG (Frankfurt, Germany), BayernLB (Munich, Germany), HASPA Finanzholding (Hamburg, Germany) and Sal. Oppenheim jr. & Cie. AG & Co. KGaA (Cologne, Germany).
- Articles In This Category
- Category ArticlesEuropeGermany’s largest solar farm begins construction GP Joule has started 70 megawatt (MW) photovoltaic park construction in Germany which would be the country’s largest project. Located in...EuropePhoenix Solar secures project rights for 50 MW PV project in Bulgaria Phoenix Solar estimates that the plant will generate 30% more electricity per rated kW capacity than similar plants in...Europe7.3 MW solar project in Bulgaria P2 Solar, Inc. is pleased to announce that it has executed an option agreement to develop a 7.3 Mega Watt solar power farm with a 20 year gross revenue of 76.5...Europe ACS to sell wind and solar project stakes Spanish construction group ACS will sell its stakes in five wind parks to Gas Natural and a majority stake in two thermosolar power plants to private...EuropeRWE tests 50 MW CSP project RWE Innogy has marked a new milestone in the development of a 50 MW solar thermal power plant in Spain with the completion of its first test phase. The Andasol 3...
- Related Articles
- Related ArticlesLatest NewsPower Ministry asks Central Electricity Authority to furnish details of captive plants To gauge the progress of captive power plants, the government has asked developers to furnish information...Latest News TransportationEredene Capital sells stake in Sattva CFS And Logistics UK-based Eredene Capital PLC has sold 10% of its stake in Chennai Based Sattva CFS And Logistics Private Limited for $1.72Mn to the...Policy NewsMinistry asks CIL to increase coal supply to power plants Union Coal Minister Shriprakash Jaiswal today said that he has instructed Coal India Limited (CIL) to increase the supply of coal under...EuropeVestas receives 52MW order in Spain CyL EnergÃa Eólica has ordered 26 Vestas turbines for its 52MW El Gallo wind farm in Burgos, north Spain. The turnkey contract includes civil and...EuropeAEG Power Solutions bags Solar thermal power orders in Spain AEG Power Solutions, the world's leading manufacturer of power electronic systems and solutions for industrial power and renewable energy...
- Latest Articles
- Latest Articlespage1Training Workshop Operation & Maintenance of Solar Power Projects |India 2012 29th June, 2012, The Metropole Hotel, New Delhi Home...page1Training Workshop Operation & Maintenance of Solar Power Projects |India 2012 29th June, 2012, The Metropole Hotel, Ahmedabad Home...page1Training Workshop Operation & Maintenance of Solar Power Projects |India 2012 29th June, 2012, The Metropole Hotel, Ahmedabad Home...International News SolarThe 550-megawatt photovoltaic solar power project will employ approximately 400 workers during its three-year construction period. MidAmerican Solar and First Solar, Inc. marked the start of major...Latest NewsEnergy companies operating in Mozambique, which reported one of the world's biggest natural gas discoveries in recent years, are eyeing the vast Indian market and have started discussions with state...
