SunEdison announces sale of solar projects in Italy, Spain to KGAL

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.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs