SunEdison agrees to offload 202 MW of solar in Chile

Debt-laden US renewables developer SunEdison Inc (NYSE:SUNE) has entered into an agreement to sell solar projects in Chile totalling 202 MW to local power producer Colbun SA, the latter announced on Tuesday.

SunEdison will sell the 145-MW Olmue solar project in the Valparaiso region along with the 57-MW Santa Sofia solar scheme in the Metropolitan region for an undisclosed price. Colbun also considers acquiring a project that will expand the Santa Sofia plant’s capacity by 30 MW to 40 MW.

Furthermore, the US company will transfer to Colbun contracts for the supply of 350 GWh of electricity annually to third parties over a 15-year period. SunEdison has also signed an off-take contract under which it would supply 200 GWh of solar power per year to Colbun for the same period.

The deal marks another divestment being made by SunEdison after it filed for bankruptcy protection last week. On Thursday, British green energy supplier Ecotricity Group Ltd said it had acquired SunEdison’s home rooftop solar business in the UK. According to media reports, the US company is also looking for equity partners in India.

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