SunEdison Buys Mark Group to Sell to U.K. Homes, Businesses

(Bloomberg) — SunEdison Inc. bought Mark Group, a U.K.-
based energy-efficiency company, to help sell its solar products
in Britain. No terms were given.

The acquisition provides a direct commercial and
residential sales channel for SunEdison across England, the
Maryland Heights, Missouri-based company said Tuesday in a
statement. Mark Group, which has 2 million British customers,
provides power-saving solar, heating and insulation systems.

The deal enables SunEdison to offer energy solutions and
services to clients that augments “our existing installation
partner network to meet the growing demand for solar in this
market,” said Vikas Desai, senior vice president of residential
and small commercial at SunEdison.

SunEdison, which on Monday bought rooftop panel installer
Vivint Solar Inc. for $2.2 billion to grow its solar-energy
offerings, in January secured funding to build 85.2 megawatts of
solar in Britain. In April it raised 84.6 million pounds ($131.5
million) for a portfolio of U.K. sun-powered plants as part of
its plan to install about 300 megawatts of rooftop solar in
three to five years.

The Vivint Solar transaction will help boost SunEdison’s
2016 installations by about 50 percent to 4,200 megawatts to
4,500 megawatts.

To contact the reporter on this story:
Louise Downing in London at
ldowning4@bloomberg.net

To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Randall Hackley, Ana Monteiro

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