SunEdison, the world’s largest renewable energy development company, on Tuesday announced it has signed a definitive agreement to acquire Continuum Wind Energy Limited, Singapore, with assets in India.
Continuum owns and operates 242 MW wind power plants in Maharashtra and Gujarat, and 170 MW wind power plant is under construction in Madhya Pradesh. It has more than 1,000 MW wind power plants in development across six states. The details of the deal have not been disclosed.
“India is a core market for SunEdison and offers tremendous growth opportunities in wind and solar energy,” said Ahmad Chatila, SunEdison president and chief executive officer. “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.”