SunEdison further taps De Lage Landen to fund DG projects

Facebook
Twitter
LinkedIn
Reddit
Email

Distributed generation (DG) projects expected to be completed in 2013 by SunEdison have received further financial support from asset-based financing firm, De Lage Landen, a subsidiary of Rabobank Group.

A sale-leaseback fund, established in December 2012, provided SunEdison with US$52.5 million for DG PV projects within the US. The new agreement takes the funding past US$100 million.

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

Chris Bailey, vice president of North America structured finance and corporate development at SunEdison said: “SunEdison is focused on driving industry and company growth, maximising the retained value of solar energy assets, and building our balance sheet to enable these goals. Our success with the initial fund and our expanded relationship with DLL contributes significantly to these goals.”

The DG market has markedly lagged behind the utility-scale and residential markets in the US. However, SunEdison has been keen to develop this sector, which could provide higher margins and quicker construction times than large-scale PV projects.

“Distributed generation is one of the fastest growing solar segments in the United States,” said Attila Toth, general manager, distributed generation for SunEdison. “This relationship with DLL is one of the many ways we are working to help new customers enter the market and grow our business.”

SunEdison has previously worked with Rabobank Group on project financing.

According to Phillip Jordan, vice president BW Research “Solar power makes economic sense for more and more homeowners and businesses in the US, but lack of up-front capital has prevented many would-be buyers from entering the market. My research indicates that increasing the availability of funding for distributed generation solar not only saves businesses money, but creates good paying jobs.”

Read Next

September 18, 2025
CERC is finalising guidelines for virtual power purchase agreements (vPPAs) to unlock financing for over 40GW of uncontracted renewable capacity.
September 18, 2025
The capacity of virtual power plants in operation in North America has reached 37.5GW, a 13.7% year-on-year growth, according to Wood Mackenzie.
September 18, 2025
The Canadian Renewable Energy Association (CanREA) has forecast that Canada will add between 17GW and 26GW of solar PV over the next decade.
September 18, 2025
Researchers have called for enhanced international standards to detect ultraviolet-induced degradation (UVID) in PV modules after identifying “severe” levels of the problem in operational n-type panels.             
September 18, 2025
Indian PV makers have welcomed the government’s plan to add solar wafers to its ALMM List-III from June 2028.
September 17, 2025
US renewables developer Longroad Energy has reached financial close for its 400MW 1000 Mile solar project in the US state of Texas.

Subscribe to Newsletter

Upcoming Events

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
Solar Media Events
October 7, 2025
San Francisco Bay Area, USA