SunEdison adds seven renewable projects to its portfolio

California based solar energy company SunEdison has acquired five renewable energy projects along with two corporate platforms in Brazil, China, India, Peru, Chile, South Africa, and Uruguay.

The acquired assets operating wind, solar and hydropower projects totaling 757 MW and 1,918 MW of right of first offer (ROFO) projects.

SunEdison has acquired 336 MW of hydropower and assets operating wind from Brazilian renewable energy company Renova Energia.

SunEdison will also get a ROFO for 1,870 MW of renewable energy projects from Renova Energia, as a part of the deal.

Chinese company Honiton Energy Holding will also sell two of its wind development, operations, and maintenance companies that own 150 MW of operating utility-scale wind power plants in China.

In China, the company will also aquire three wind farms with power generation capacity of 50 MW each which is presently contracted under the Chinese government.

In India, SunEdison has entered into a definitive agreement with Fersa Energías Renovables to acquire 102 MW of operating wind power plants of the company located in Karnataka and Rajasthan.

SunEdison has bought out 51% equity interest from its partner, an affiliate of Chint Solar in the 23.1 MW solar projects NSM 24 located in India.

The California based company has also made a platform acquisition of a six operating hydropower plants in Peru.

It has also bought 70% interest in a 34MW wind and solar portfolio, whose assets have PPAs with Eskom, and is acquiring 100% equity interest in Alto Cielo project from Solarpack Corporación Tecnológica.

The company has also secured a $362m non-recourse acquisition facility for the emerging market initiatives with JPMorgan Chase Bank, Barclays, Citi and Morgan Stanley.

SunEdison CEO Ahmad Chatila said: "As we described in our Capital Markets Day in February, SunEdison intends to act quickly to address the opportunity in emerging markets, where the majority of future global electric power infrastructure investments will be deployed."