The company expects all the projects to be operational this quarter through the first half of 2015. When complete, SunEdison will sell them to its recently launched yieldco, TerraForm Power.
SunEdison has now raised $290m in funding from the two banks for commercial, industrial and residential rooftop solar PV projects.
TerraForm chief executive Carlos Domenech says the new fund allows the yieldco to acquire a portfolio of highly attractive operational projects that are in geographically diverse locations/
"With this partnership, TerraForm Power continues to grow rapidly, building strong momentum in the marketplace and delivering value to its shareholders," he notes.
Last
