SunEdison nails $67m for projects

MEMC aims to capitalise on the SunEdison image

MEMC aims to capitalise on the SunEdison image

SunEdison has bagged a $67m pot of funding for utility-scale PV projects in California.

The money – provided by New Energy Capital Partners, North Sky Capital and EverStream Energy Capital Management – is roughly enough for 150MW of capacity, SunEdison claims.

The company, which earlier this year changed its name from MEMC, has a 2.9GW project pipeline and a 1GW “backlog”, which indicates a more advanced stage of development.

In June SunEdison extended its multi-year relationship with Wells Fargo, with the bank committing to invest more than $100m of tax-equity financing this year and next into distributed PV projects.

Among the world’s largest solar developers, SunEdison recently saw its board of directors sign off Log in to read complete article.

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