SunEdison to Build 371 Megawatts of Solar Power in South Africa

SunEdison Inc., the best-performing U.S. solar company, won bids to build and operate 371 megawatts of solar power in South Africa.

The five power plants will supply electricity to state-owned Eskom Holdings SOC Ltd. under 20-year contracts, Maryland Heights, Missouri-based SunEdison said in a statement Monday. The plants in Northern Cape and North West provinces will provide enough power for more than 200,000 homes.

SunEdison has gained 51 percent over the past year through June 5, the most of any U.S. company on the 21-member Bloomberg Intelligence Global Large Solar Energy Index.