SunEdison drops plan to acquire Continuum Wind Energy


Solar power company SunEdison Inc on Tuesday announced that it would terminate its planned decision to acquire Continuum Wind Energy in India.

In a statement issued here, the company said the Continuum portfolio consisted of 412.5 MW of wind power projects.

SunEdison and the shareholders of Continuum are in amicable discussion to complete termination related documentation.

According to SunEdison, the announcement is in line with its decision to optimise its business in line with current and future market opportunities.

In June this year, SunEdison said it has has signed a definitive agreement to acquire Continuum Wind Energy, Singapore with assets in India.