SunEdison offloads Japanese PV project business to Thai oil company

Facebook
Twitter
LinkedIn
Reddit
Email
SunEdison has sold its Japan-based PV power plant operations to Thailand-based Bangchak Petroleum for US$80 million.

Troubled renewables firm SunEdison has sold its Japan-based PV power plant operations to Thailand's Bangchak Petroleum for US$80 million.

Bangchak announced the deal via a financial filing, while SunEdison has yet to publicly announce the deal. 

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Bangchak noted that it has signed a deal with SunEdison to acquire all the outstanding shares of SunEdison Japan Corporation (SEJ), SunEdison Japan Debt Financing Pte. Ltd. (SEDF) and SunEdison TK Investor 1 Pte. Ltd. (SETK), via a subsidiary, BCPG Company. 

The SunEdison assets in Japan include 13MW of PV power plants in operation, 27MW under construction and 158MW of projects described as “under development”. The total capacity of the portfolio acquired was said to be 198MW. 

The deal is seen as part of SunEdison’s need to improve its financial position by selling a range of projects and assets, previously planned to be dropped down into its non-US centric yieldco, TerraForm Global. 

Bangchak has plans to expand into renewables, notably solar and is expected to acquire more projects to build a new business unit in the sector.

Read Next

August 28, 2025
Venture capital firm Pacific Channel has launched Fund V, which targets 10GW of solar, wind, and energy storage in New Zealand.
Premium
August 1, 2025
Sustained private investment into UK solar is starting to produce results, at least with regard to the role of solar power in its energy mix.
August 1, 2025
Dutch pension fund APG has agreed to provide Octopus Australia with AU$1 billion to support its solar, wind, and BESS portfolio.
July 28, 2025
Australia’s Clean Energy Finance Corporation (CEFC) has announced it has invested a record AU$4.7 billion (US$3.09 billion) in large-scale renewables, energy storage, and transmission projects during the 12-month period ending 30 June 2025.
Premium
July 17, 2025
Implementing greater policy clarity pertaining to the EPBD will be essential if Europe is to realise its distributed rooftop solar targets.
July 16, 2025
Planning uncertainty and policy instability regarding renewables in Queensland have seen it slip in investment attractiveness, with New South Wales now leading Australia.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines