• Print

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


  • SUNE
    +0.24 (2.62%)
    9:50AM EDT
  • WFC
    +0.12 (0.23%)
    9:50AM 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."


  • Photovoltaics International 29th Edition

    Forecasting the evolution of a young, dynamic industry is by definition an uncertain business, and solar is no exception. Rarely, if ever, do the numbers broadcast by any of the various bodies involved in the PV prediction game tally, and even historical deployment rates remain the subject of hot debate. The paradox is that getting forecasts broadly right is going to become increasingly important over the next few years, particularly for those involved in producing the equipment that will support whatever levels of demand come to pass.



Solar Media


We won't share your details - promise!