SunEdison and TerraForm yield co complete 50MW UK projects

Facebook
Twitter
LinkedIn
Reddit
Email

Global PV manufacturer, SunEdison and its yield co spin-off, TerraForm, have completed the connection of two solar power plants in the UK, totalling 50MW.

The solar power plants have been installed in the UK as part of SunEdison’s UK expansion plans.

This article requires Premium SubscriptionBasic (FREE) Subscription

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

Power from the installations will be sold via a power purchase agreement (PPA) with independent renewables generator and purchaser, Statkraft, mostly known for hydro power.

To finance the construction of the projects, SunEdison and banking company, Santander Global Banking and Markets closed a non-recourse debt financing arrangement, back in June.

Santander acted as lead arranger and under writer for the debt facility.

The 50MW plants will be managed by the SunEdison Renewable Operation Center (ROC).

Carlos Domenech, president and chief executive officer of TerraForm Power, said SunEdison “can accelerate the growth of its global pipeline with the knowledge that TerraForm will allow them to benefit from long-term ownership, and, as SunEdison's projects come on-line, we are well positioned to acquire them”.

SunEdison and Terraform already connected two solar projects in California last month and last week internet giant, Google, announced it is to provide US$145 million equity finance for a US solar project operated by TerraForm.

Read Next

September 15, 2025
Advances in edge-based artificial intelligence are helping make solar and storage interoperable by tackling the data challenge, writes Andrew Foster.
September 15, 2025
Italy’s latest renewable energy tender has received 12GW of bids, of which the majority, 10GW, came from solar PV.
September 15, 2025
Sunrun has priced a securitisation of leases and power purchase agreements, taking its non-recourse debt capital raised in Q3 above US$1.5 billion. 
September 15, 2025
Norwegian energy firm Statkraft has agreed to divest a portion of its renewable energy portfolio to Serentica Renewables.
September 15, 2025
UNSW spin-out company Lab360 Solar has been awarded funding from ARENA to bring its drone-based PV inspection technology to market.
Premium
September 15, 2025
The UK government and solar industry have jointly published a long-anticipated roadmap detailing how to maximise the country’s solar potential. Chris Hewett, CEO of Solar Energy UK takes a closer look at the details.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines