US-based PV energy provider, SunEdison, has achieved financial close on a 60MW PV plant project in Kern County, California.
Construction financing was underwritten by investment bank Deutsche Bank Securities, a subsidiary of the Deutsche Bank US Financial Markets Holding Corporation. The new plant, Regulus, is scheduled to become operational by the end of this year.
Try Premium for just $1
- Full premium access for the first month at only $1
- Converts to an annual rate after 30 days unless cancelled
- Cancel anytime during the trial period
Premium Benefits
- Expert industry analysis and interviews
- Digital access to PV Tech Power journal
- Exclusive event discounts
Or get the full Premium subscription right away
Or continue reading this article for free
The 60MW AC plant is the largest Sunedison has built in North America to date, according to president of the company’s North American division, Bob Powell. Powell said that in the past month, the company has connected two California projects, Adobe and Cascade, totalling 40MW of added PV generation capacity.
Construction of Regulus will be managed by SunEdison, which will also provide round-the-clock operations and maintenance (O&M). This it plans to do through the Sunedison Renewable Operations Center in Belmont, California, one of three such centres the company operates worldwide. The other two are in Madrid, Spain and in Chennai, India.
SunEdison Silvantis modules, using SunEdison silicon and wafers, will be used on the project, with around a quarter of a million modules to be used in total.