SunEdison and Banco Santander jointly developed and co-owned the Rovigo plant prior to this sale, which is expected to be completed in the fourth quarter of 2010.
The Rovigo plant was acquired by First Reserve through a joint venture established between First Reserve and SunEdison.
The total price for the sale is expected to be approximately €276m, and as part of the project acquisition, First Reserve has made an initial payment of €46m to SunEdison.
After the sale, SunEdison will manage the ongoing operations and maintenance of the Rovigo power plant.
