SunEdison nails $100m for Chile PV

A SunEdison array

A SunEdison array

SunEdison has secured $100.4m in financing for its second large PV array in Chile, with Latin America rapidly becoming a central pillar of the US solar group’s development business.

The majority of the non-recourse debt-financing comes from the Overseas Private Investment Corporation (OPIC) – the US government’s development-finance institution – which has proved instrumental in most of SunEdison’s large overseas projects of late.

The 50.7MW (AC) San Andres array will be the largest merchant solar-power plant in Latin America upon its completion next year, and one of the largest in the world, selling its electricity directly onto Chile’s spot market.

The project “will demonstrate that PV is already a competitive energy source in countries like Chile”, says Pancho Perez, SunEdison’s president for Log in to read complete article.

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