The money – provided by New Energy Capital Partners, NorthSky Capital and EverStream Energy Capital Management – is roughly enough for150MW of capacity, SunEdison claims.
The company, which earlier this year changed its name fromMEMC, has a 2.9GW project pipeline and a 1GW “backlog”, which indicates a moreadvanced stage of development.
In June SunEdison extended its multi-year relationship withWells Fargo, with the bank committing to invest more than $100m of tax-equityfinancing this year and next into distributed PV projects.
