SunEdison reveals first tranche of projects for emerging markets yieldco

Facebook
Twitter
LinkedIn
Reddit
Email

SunEdison has revealed today the first set of projects under its emerging markets yield co, which is named TerraForm Global.

The renewable energy giant announced it has signed definitive agreements to acquire five portfolios of renewable energy projects and two corporate platforms, LAP Holding, BV in Latin America and two subsidiaries of Honiton Energy Holding in China.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

Not ready to commit yet?
  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

It also announced the closing of equity investments and an acquisition debt facility for its emerging markets initiatives.

SunEdison has submitted its registration document for Terraform Global's IPO on a confidential basis to the SEC.

SunEdison will secure nearly 2.7GW of project capacity from the renewable energy portfolios, which include solar, wind and hydropower developments in Brazil, China, India, Peru, South Africa and Uruguay.

This includes 757MW of operating projects and 1,918MW of Right of First Offer (ROFO) projects. Of the ROFO projects, 534 MW are operating and 1,384MW are under development.

In addition, by acquiring LAP Holding, SunEdison also secures a further 204MW of backlog projects with dollar-denominated power purchase agreements (PPAs) and 659MW of development pipeline projects in Peru and Chile.

These transactions are expected to close in either the second or third quarter of 2015.

SunEdison also announced that Blackstone Group, Everstream Opportunities Fund II and Altai Capital Management have made an investment of US$175 million in a SunEdison subsidiary, with all indicators pointing towards it being Terraform Global.

SunEdison chief executive Ahmad Chatila said: “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.

“In aggregate, these seven transactions bolster our emerging markets platform. These acquisitions are the result of an extensive global search for the best development partners in each of our target markets – partners with operating fleets of high quality power plants with long-term contracts with creditworthy counterparties.”

SunEdison’s quarterly results conference call was due at the time of publication. More details are expected then.

Read Next

August 29, 2025
Chinese module maker JA Solar has launched DesertBlue, a PV module designed for desert and semi-arid regions. 
August 29, 2025
Independent power producer (IPP) Verano Energy has closed a US$204 financing for a 83MW/660MWh solar-plus-storage project in Chile.
August 29, 2025
The first half of 2025 has been the strongest year for UK solar energy generation on record, according to a new report think tank Ember.
August 29, 2025
US-based climate insurance provider kWh Analytics has launched a new renewable energy insurance cover for extreme weather events.
August 29, 2025
US grid interconnection agreements grew by 33% in 2024, reaching 75GW, with three-quarters signed for solar PV and battery energy storage system (BESS) projects, according to a new report from energy market analyst Wood Mackenzie.
August 29, 2025
Meridian Energy and Nova Energy have established a JV to build and operate a 400MW solar plant in Rangitaiki near Taupo in New Zealand.

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