Maryland Heights energy developer completes $300M acquisition

Maryland Heights-based renewable energy developer SunEdison closed on the second phase of a $300 million acquisition of a solar portfolio from Dominion Resources.

The $180 million first phase closed at the end of 2015.

The $117 million second phase accounts for 33 percent in the remaining portion of a 567-megawatt solar portfolio that has 24 projects located in Indiana, Georgia, Connecticut, California, Tennessee and Utah.

Terra Nova Renewable Partners, a subsidiary of SunEdison, has the option to buy the remaining 67 percent.

Read more from the St. Louis Business Journal.