Wells Fargo provides financing for SunEdison’s 11.3MW El Chaparral Solar Farm

Financials

  • SUNE
    NYSE
    17.66
    +0.04 (0.23%)
    4:02PM EDT
  • WFC
    NYSE
    48.93
    -0.16 (-0.33%)
    4:00PM EDT

The El Chaparral Solar Farm in New Mexico has found financial support through Wells Fargo. The solar project, developed by SunEdison, is the sixth utility-scale solar project that Well Fargo has funded, in partnership with SunEdison, in the past year.

Located on 140 acres of land and using over 40,300 solar modules, including MEMC Silvantis modules, the solar project will produce around 26 million kWh of energy per year. El Pas Electric Company has agreed to buy the power produced by the plant for the next 25-years under a PPA.

"The success of these projects demonstrates that the industry is growing as solar continues to provide a greater portion of the country’s energy mix,” said Barry Neal, head of Wells Fargo's Environmental Finance Group. "As one of the leading capital providers to the cleantech industry, Wells Fargo is committed to supporting solar power generation through investments such as the Chaparral project and to helping companies like SunEdison meet their financing needs."

Newsletter

Preview Latest
Subscribe
We won't share your details - promise!

Publications

  • Photovoltaics International 23rd Edition

    This issue of Photovoltaics International, our 23rd, offers key insights into some of the technologies that are ready to move from lab to fab in support of these goals. ISC Konstanz offer a glimpse of what the low-cost, high-efficiency solar cells of the future might look like. On page 35 the institute’s authors give an overview of what they call Konstanz’ “technology zoo”, encompassing their so-called BiSoN, PELICAN and ZEBRA cell concepts, all of which are aimed at increasing energy yield at the lowest possible cost.

  • Manufacturing The Solar Future: The 2013 Production Annual

    In the ever-changing global solar markets, cost reduction and measures to increase cell efficiencies are the key tools available to PV manufacturers to create new opportunities and drive your business to the next level. Manufacturing the Solar Future 2013 is the third in the Photovoltaics International PV Production Annual series, delivering the next instalment of in-depth technical manufacturing information on PV production processes designed to help you gain the competitive edge.

Partners

Acknowledgements

Solar Media