Solar

SunEdison Acquires BISS

In another story today that demonstrates consolidation in the solar industry, SunEdison announced the acquisition of Business Institute Solar Strategy GmbH (BISS). The transaction brings SunEdison 38 megawatts (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,” said Carlos Domenech, COO and CFO, SunEdison.