The facility, which is available immediately, will be used to fund utility and rooftop solar projects. The nature of non-recourse debt is such that it is only secured by a pledge of collateral including the project contracts and equipment.
The revolving credit facility will be available for three years.
SunEdison currently has developed 330 megawatts (MW) of photovoltaic projects in North America over 500 installations and continues to look for additional banking partners. In 2010 the company deployed more than 160 MW worldwide.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.