SunEdison Completes Acquisition Of 50% Ownership Stake In Silver Ridge Power

(RTTNews) - SunEdison Inc. (SUNE) announced it has completed acquisition of a 50% ownership stake in Silver Ridge Power, LLC from a subsidiary of The AES Corporation for approximately $178.6 million in cash, after giving effect to certain pre-closing adjustments to the initial purchase price pursuant to the provisions of the acquisition agreement.

The other 50% of the outstanding limited liability company interests of SRP remain held by an affiliate of Riverstone Holdings LLC. Following completion of the Tenaska Imperial Solar Energy Center West project in 2016, SunEdison expects to acquire Riverstone's share of SRP's interest in Tenaska Imperial Solar Energy Center West project.