MEMC and its solar energy subsidiary, SunEdison, will pay $134.9m, plus performance fees of up to $103.6m for 42MW in American solar power production assets of Spain-based, corporate venture-backed Fotowatio Renewable Ventures.
New York-listed MEMC Electronic Materials has agreed to buy 42MW in American solar power production assets of Spain-based, corporate venture-backed Fotowatio Renewable Ventures.
MEMC and its solar energy subsidiary, SunEdison, will pay $134.9m, plus performance fees of up to $103.6m.
Carlos Domenech, president of SunEdison and executive vice-president of MEMC, said: "The addition of FRV US represents the potential to capture a leading position in the US utility market. An experienced, well-respected US utility development team will be joining our…
