SunEdison seals Regulus finance

SunEdison says it has closed on construction financing underwritten by Deutsche Bank Securities for the Regulus PV plant in California.

SunEdison is managing construction of the 60MW (AC) plant, which is planned to be operational this year. It also is supplying modules, and will manage and operate the facility in Kern County in the south of the California Central Valley.

"Regulus is our largest North America project to date and is evidence of the momentum we are building in the California utility-scale solar market," says Bob Powell, SunEdison president for North America.