Hydro

SunEdison Terminates Agreement to Acquire Stake in Renova

SunEdison has terminated the securities purchase agreement with Light S.A. to acquire an approximate 16% stake in Renova for US$250 million.
Also terminated is an agreement among SunEdison and TerraForm Global and Brazil’s Renova Energia S.A. which provided for the acquisition of certain development-stage projects that were intended for a subsequent sale by SunEdison to TerraForm Global as call rights projects under the sponsor support agreement.

EBRD Extends US$52 Million for Moroccan Hydropower Sector

The European Bank for Reconstruction and Development is providing a loan of up to €35 million(US$52 million) to the Office National de l Electricite et de l’Eau Potable for a rehabilitation programme of 12 small- and medium-sized hydropower plants in Morocco.
The overhaul will contribute to the extension of the lifespan of the plants and improve their energy efficiency. The loan is already the third transaction between the EBRD and ONEE.