Last December DLL committed $52.5m to the fund, which effectivelyallows SunEdison to enter into long-term power-purchase agreements with the ownersof distributed PV systems in the US, taking many of the tax benefits and long-term cashflows for itself.

Today SunEdison announced that the fund will grow to $100m,with all of the money expected to be committed to projects by the end of theyear.

SunEdison, which manufactures PV components in addition toits increasingly aggressive downstream development arm, has in the past soldoff many of the generation assets it assets.

However,