Each company will own 50 percent of the venture, according
to a joint statement Thursday. Gamesa will supply equipment, and
build and maintain the wind farms. SunEdison will acquire the
finished power plants and sell them to TerraForm Power Inc., its
listed partnership for project investments, or yieldco.
Partnering with Gamesa means SunEdison is “particularly
well positioned to capture the opportunity in India and Mexico,
two regions where we already have a strong solar presence,”
Paul Gaynor, SunEdison’s executive vice president for the North
America utility and global wind unit, said in the statement.
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Jim Efstathiou Jr., Carlos Caminada