SunEd buys 50MW in Massachusetts

US solar group SunEdison has agreed to buy 50MW of PV projects nearing completion from BlueWave Capital in Massachusetts, the largest-ever such acquisition in the state.

The capacity is spread across 12 sites, most of which will be operational within a matter of weeks. Financial terms of the deal were not disclosed.

All of the projects are qualified under the solar carve-out programmes – known as SREC I and II – in Massachusetts, which was the fourth largest statewide market in the US last year, adding 237MW of capacity.

SunEdison will sell the net metering credits generated to a number of towns and housing authorities.