SunEdison has closed construction finance with Deutsche Bank for a 26MW solar power plant in California.
The Vega solar power project is expected to be operational in the first quarter of 2015.
“Vega is our latest utility-scale project in California and will be a state-of-the-art facility,” said Ryan Bennett, vice-president of project finance, SunEdison North America.
“Once complete, SunEdison will have contributed over 158MW of clean, cost effective utility-scale solar to the citizens of California in the last 15 months alone. This financing continues our long standing history with Deutsche Bank's leading global project finance platform and is yet another testament to the strength of the relationship,” added Bennett.
The plant will use almost 80,000 of SunEdison’s 330W monocrsytalline SE-F330BYC modules.
The system will be monitored by SunEdison’s Renewable Operation Centre (ROC).