SunEdison expands in Germany, Italy with acquisition

North American solar energy services provider SunEdison today announced the acquisition of partner Business Institute Solar Strategy GmbH (BISS), with offices in Hamburg, Germany and Brescia, Italy. Terms of the deal were not disclosed.

The transaction provides SunEdison with 38 MW of solar photovoltaic (PV) projects under development in Italy and Spain and direct access to 300 MW of project opportunities in Europe.

SunEdison says it has more than 68 MW of solar under management globally, with 9 MW of PV systems in Spain.

In addition, SunEdison named BISS managing director Gerwin Dreesmann as General Manager, Europe.

The company said the BISS deal accelerates its European expansion. In April of 2008, SunEdison acquired a domestic U.S. company (see SunEdison acquires Oregon's Renewable NRG).

The two companies say they've been working together since early 2008 in establishing European operations for SunEdison.

Prior to launching BISS in 2007, Dreesmann previously served as managing director for SunTechnics and BP Solar.

SunEdison is solar energy services company that finances, designs, builds and operates PV systems. It aims to provide solar energy at or below retail utility rates to commercial, municipal and utility customers.