Investors Enthusiastic About SunEdison Acquisitions

SunEdison Inc SUNE recently reported signing a definitive agreement to fully purchase Globeleq Mesoamerica Energy, also known as GME. The stock is up 2.2 percent on Tuesday morning. 

GME is Central America’s top renewable energy company; SunEdison is to acquire a 70 percent interest in the Central American renewable energy company from Actis, a private equity investor, and the remaining 30 percent interest from Mesoamerica Power Limited.

Ahmad Chatila, SunEdison president and CEO, commented, "The acquisition of GME strengthens SunEdison's leadership position in the global wind energy market and significantly expands our presence in Central America, a region that offers growth opportunities for our emerging markets development platform."

SunEdison has also signed a definitive agreement to purchase Continuum Wind Energy, with its assets in India. "India is a core market for SunEdison and offers growth opportunities in wind and solar energy," Chatila said.

Shares of the company are up more than 50 percent year-to-date.