Despite filing for bankruptcy on Thursday, the U.S. renewable energy company SunEdison plans to maintain its investments in Latin America’s solar energy market. According to SunEdison, long-term investments in the region are viable and the company is considering further investment in the Brazilian state of Bahia.
Although SunEdison may sell off some of its assets, the company plans to go ahead with installing 120 megawatts worth of power plants in the Brazilian state of Bahia. The future of a 160-megawatt joint venture with Brazil’s Renova Energia SA is under discussion, said Carlos Barrera, the company’s Vice President for the region. SunEdison considers Latin America two or three of its most important business units and does not have plans to sell projects situated in the region.
