Monday, January 26, 2009

SunEdison Acquires Business Institute Solar Strategy (BISS) GmbH

SunEdison, North America's largest solar energy services provider, announced the acquisition of Business Institute Solar Strategy GmbH (BISS), with offices in Hamburg, Germany and Brescia, Italy. The transaction provides SunEdison with 38 MW of solar photovoltaic (PV) projects under development in Italy and Spain and direct access to 300 MW of project opportunities in Europe. SunEdison has more than 68 MW of solar under management globally, with 9 MW of PV systems in Spain. Terms of the deal and projects were not disclosed.
In addition, SunEdison named BISS managing director Gerwin Dreesmann, as General Manager, Europe.
"The BISS acquisition, which provides SunEdison direct access to 300 MW of project opportunities, accelerates our European expansion. Gerwin and the BISS team have an excellent reputation in Germany and unparalleled insight into the European market. They share our rigorous focus on quality assurance in system execution and delivery of solar services. I look forward to working closely with Gerwin as he oversees our operations in Europe," noted Carlos Domenech, COO and CFO, SunEdison.

No comments: