Deutsche Bank Securities underwrites 60MW Sunedison California project



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.

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.

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