05 September 2013 04:15 GMT
31 July 2013 12:12 GMT
25 June 2012 03:29 GMT
By Andrew Lee in London
Wednesday, September 11 2013
SunEdison secured loan funding from the IFC, part of the World Bank, and the US Overseas Private Investment Corporation (OPIC).
The finance will be used to build the Amanecer Solar CAP plant in Chile’s sun-rich Atacama Desert, using 300,000 of SunEdison’s own modules.
The plant is being built for Chilean steel company CAP.
Amanecer Solar CAP is expected to be fully completed by the first quarter of 2014, with grid connection taking place in phases from the final quarter of this year.
Chile is an increasingly popular target market for PV developers, not least because of the need of the country’s mining industry for significant power generation in remote locations.
SunEdison’s US compatriot First Solar has applied to build a 162MW plant, also in the Atacama desert, and Swiss group Etrion recently secured a power purchase agreement for PV output in the country,
NEWS FROM OTHER NHST SITES
To protect your subscription investment, we've instituted a security system to protect against the electronic redistribution of copyrighted Rechargenews content. Read more