A First Wind wind farm on Hawaii. Photo: First Wind

TerraForm Global bins planned Globeleq Mesoamerica deal

TerraForm Global, SunEdison’s yieldco focused on developing countries, abandoned its plan to buy 326MW of operating wind and solar assets from Globeleq Mesoamerica Energy (GME) in Central America, as SunEdison and its affiliates continue their aggressive retrenchment.

21 March 2016 13:57 GMT Updated 28 September 2016 9:06 GMT

By Karl-Erik Stromsta in New York

Last June, amid a torrent of major deals and acquisitions, SunEdison announced it would buy Costa Rica-based GME from its two owners, Actis and Mesoamerica Power.

SunEdison described GME as Central America’s “leading renewable energy company”.

In buying GME, SunEdison would be taking ownership of five operating projects totaling 326MW spread across Costa Rica, Honduras and Nicaragua; 80MW of wind under construction in Costa Rica; and a 246MW development-stage pipeline throughout the region.

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