SunEdison acquires Continuum Wind Energy in India

 SunEdison, the world`s largest renewable energy development company by geration capacity, announced that it has signed a definitive agreement to acquire Continuum Wind Energy Limited, Singapore with assets in India. 
Continuum owns and operates 242 MW AC of wind power plants in Maharashtra and Gujarat, as well as 170 MW of wind power under construction in Madhya Pradesh, and has more than 1,000 MW of wind power plants in development across six states in India.
Ahmad Chatila, President and CEO at SunEdison said, With the acquisition of Continuum, a leading wind energy company in India, we have added significant assets and a skilled wind development team to drive further growth in our renewable energy development platform. This acquisition reinforce`s SunEdisons commitment to India and will drive immediate shareholder value.
We are excited to join SunEdison at this time of rapid growth in India`s renewable energy market, said Arvind Bansal, CEO of Continuum.
SunEdison intends to place the power plants acquired from Continuum on the operational call rights list for TerraForm Global. Operation and maintenance of the wind power plants will be performed by SunEdison Services, which provides global 24/7 asset management, monitoring and reporting services.
The definitive agreement was signed June 12 with closing expected in the third quarter of this year.

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SunEdison acquires Continuum Wind Energy in India

 SunEdison, the world`s largest renewable energy development company by geration capacity, announced that it has signed a definitive agreement to acquire Continuum Wind Energy Limited, Singapore with assets in India. 
Continuum owns and operates 242 MW AC of wind power plants in Maharashtra and Gujarat, as well as 170 MW of wind power under construction in Madhya Pradesh, and has more than 1,000 MW of wind power plants in development across six states in India.
Ahmad Chatila, President and CEO at SunEdison said, With the acquisition of Continuum, a leading wind energy company in India, we have added significant assets and a skilled wind development team to drive further growth in our renewable energy development platform. This acquisition reinforce`s SunEdisons commitment to India and will drive immediate shareholder value.
We are excited to join SunEdison at this time of rapid growth in India`s renewable energy market, said Arvind Bansal, CEO of Continuum.
SunEdison intends to place the power plants acquired from Continuum on the operational call rights list for TerraForm Global. Operation and maintenance of the wind power plants will be performed by SunEdison Services, which provides global 24/7 asset management, monitoring and reporting services.
The definitive agreement was signed June 12 with closing expected in the third quarter of this year.

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SunEdison acquires Continuum Wind Energy in India

 SunEdison, the world`s largest renewable energy development company by geration capacity, announced that it has signed a definitive agreement to acquire Continuum Wind Energy Limited, Singapore with assets in India. 
Continuum owns and operates 242 MW AC of wind power plants in Maharashtra and Gujarat, as well as 170 MW of wind power under construction in Madhya Pradesh, and has more than 1,000 MW of wind power plants in development across six states in India.
Ahmad Chatila, President and CEO at SunEdison said, With the acquisition of Continuum, a leading wind energy company in India, we have added significant assets and a skilled wind development team to drive further growth in our renewable energy development platform. This acquisition reinforce`s SunEdisons commitment to India and will drive immediate shareholder value.
We are excited to join SunEdison at this time of rapid growth in India`s renewable energy market, said Arvind Bansal, CEO of Continuum.
SunEdison intends to place the power plants acquired from Continuum on the operational call rights list for TerraForm Global. Operation and maintenance of the wind power plants will be performed by SunEdison Services, which provides global 24/7 asset management, monitoring and reporting services.
The definitive agreement was signed June 12 with closing expected in the third quarter of this year.

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