SunEdison announces sale of solar projects in Italy, Spain to KGAL
The recently acquired projects follow the acquisition of 20 MW from SunEdison in the second quarter
Beltsville, Md., Oct. 10, 2011 — SunEdison, a worldwide solar energy services provider and unit of MEMC Electronic Materials, announced that KGAL GmbH & Co. has recently acquired 33 MW of solar photovoltaic systems located in Italy and Spain from SunEdison.
The recently acquired projects follow the acquisition of 20 MW from SunEdison in the second quarter. The total of 12 projects with a total installed capacity of 53 MW, will be monitored, maintained and operated by SunEdison under long-term agreements.
SunEdison is a solar photovoltaic energy provider, with more than 500 solar photovoltaic power plants under management. KGAL is a German investment company owned by Commerzbank, BayernLB, HASPA Finanzholding and Sal. Oppenheim.
The solar portfolio acquired by KGAL has been developed by SunEdison's utility scale projects division. The company is also present in other two strategic business areas in the European market, including commercial rooftops and residential solutions.