Hydro

SunEdison Terminates Agreement to Acquire Stake in Renova

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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.

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Aquila Capital Expands Norwegian Hydroelectric Footprint

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Aquila Capital has won the bid to acquire Smakraft AS, the largest operator and developer of small-scale hydropower plants in Norway.
Financial details of the deal were not disclosed. The acquisition will be the third public hydro transaction for Aquila Capital in 18 months and will further expand the firm’s footprint in the hydropower sector.

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EBRD Extends US$52 Million for Moroccan Hydropower Sector

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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.

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