SPI 2012: SunEdison adds US$40 million to credit facility

Facebook
Twitter
LinkedIn
Reddit
Email

SunEdison, a provider of solar energy services, has announced that it has secured an additional US$40 million for its project finance revolving credit facility, bringing the total capacity of the facility to US$150 million.

The additional funds are a result of a new partnership with TD Bank Group, which joins SunEdison’s existing lenders, Deutsche Bank and Portigon. Deutsche Bank acted as mandated lead arranger and sole bookrunner for the facility.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

SunEdison uses the credit facility to support the construction costs of utility and distributed generation solar projects across the US and Ontario, Canada. The construction loans are non-recourse debt which means that they are secured only by a pledge of project collateral, including the project contracts and solar equipment. The new capital is available immediately.

As at the end of June, SunEdison had interconnected more than 628 solar energy systems representing more than 830MW of installed solar capacity. This deployed solar base is financed predominately through bank funding.

“SunEdison has a long standing relationship with TD Bank Group, and we are pleased to welcome them as a participant lender in our construction revolver,” commented Chris Bailey, vice president of North America Project Finance for SunEdison. “We are fortunate to count some of the world's leading banks as financial partners. This enhanced revolver provides an additional level of flexibility as we continue to execute on our North American pipeline of projects.”

Read Next

July 4, 2025
Chinese PV provider Skycorp Solar Group has announced a solar plant acquisition and development strategy following unanimous board approval.
July 4, 2025
Germany’s latest innovation tender has awarded 488MW of co-located capacity, with all the projects being solar PV tied with energy storage.
July 4, 2025
Risen Energy’s mass-produced heterojunction (HJT) modules have reached a cell conversion efficiency of 26.61%, a record figure for the company.
July 4, 2025
The US House of Representatives has passed the final version of the reconciliation bill that is now going to US President Donald Trump’s desk for his signature before its passing.
July 4, 2025
Australian retailer AGL Energy has confirmed its acquisition of South Australia’s Virtual Power Plant (SAVPP) from Tesla.
July 3, 2025
Renewable energy curtailment in Brazil is set to reach 8% across the country, and be as high as 11% in the north-east, by 2035.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 22, 2025
Bilbao, Spain
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK