SunEdison has settled its dispute with Latin America Power (LAP) for US$28.5 million. The planned acquisition has now been cancelled.
A statement by SunEdison confirmed that upon payment, the arbitration process between the two will end and the case at the New York court will be dismissed.
This article requires Premium SubscriptionBasic (FREE) Subscription
Unlock unlimited access for 12 whole months of distinctive global analysis
Photovoltaics International is now included.
- Regular insight and analysis of the industry’s biggest developments
- In-depth interviews with the industry’s leading figures
- Unlimited digital access to the PV Tech Power journal catalogue
- Unlimited digital access to the Photovoltaics International journal catalogue
- Access to more than 1,000 technical papers
- Discounts on Solar Media’s portfolio of events, in-person and virtual
Or continue reading this article for free
SunEdison pulled out of the planned acquisition in October 2015 telling PV Tech at the time that LAP had failed to meet all the necessary conditions. The deal was to include 613MW of solar, wind and hydro in Chile and was worth US$700 million.
