SunEdison swells sale-leaseback fund

De Lage Landen Financial Services (DLL), a Rabobank subsidiary, has doubled the size of a sale-leaseback fund available to SunEdison, as the US-based PV group continues to swell its downstream assets.

Last December DLL committed $52.5m to the fund, which effectively allows SunEdison to enter into long-term power-purchase agreements with the owners of distributed PV systems in the US, taking many of the tax benefits and long-term cash flows 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 the year.

SunEdison, which manufactures PV components in addition to its increasingly aggressive downstream development arm, has in the past sold off many of the generation assets it assets.

However, chief executive Ahmad Log in to read complete article.

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