The North American Development Bank (NADBank) revealed that it is lending up to US$88.5 million to SunEdison for the development of a 20MW solar park in Picture Rocks, Arizona. This is the largest, and second, solar project financed by the NADBank. The solar park is expected to generate enough electricity for nearly 3,500 homes in the metropolitan area of Tucson.
NADBank additionally announced that along with the loan for SunEdison’s solar park, it had also approved an US$11 million loan for a paving project in Mexicali, Mexico, a US$36.6 million loan for wastewater improvements in Baja California and a US$1.8 million loan for a water project in Praxedis Guerrero, Mexico.
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