Philippines: AboitizPower completes buyout of SunEdison in solar JV

Image from SunEdison website.

AboitizPower Corp has completed its takeover of a 59-megawatt solar project in the Philippines after acquiring 100% equity interest in SunEdison Philippines BV, its local solar joint venture partner, the company informed the Philippine Stock Exchange (PSE) on Tuesday.

AboitizPower said its wholly owned subsidiary AboitizPower International (AP International) struck a Share Purchase Agreement (SPA) with SunE Solar BV, the parent company of SunEdison Philippines BV, for the acquisition of 100% equity interest in its local joint venture.

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