Major PV energy provider (PVEP), SunEdison has secured funds from Barclays and Citi banks totalling US$160 million to be used for distributed generation (DG) projects in the US.
SunEdison said that the funds would enable it to expand its market in the commercial and industrial sector, supporting tax equity requirements for around 40 projects that will range from being ground-mounted, rooftop and canopy systems. The average size of the planned projects was said to be 1.1MW.
This article requires Premium SubscriptionBasic (FREE) Subscription
Already a subscriber? Sign In
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
The fund structure was said to have been designed to enable efficiencies for tax equity investors.
