SunEdison has secured a US$300 million credit facility from Deutsche Bank Securities and Rabobank to help fund its planned North American portfolio of utility and rooftop PV systems.
The three-year non-recourse credit facility is one of the largest ever issued for solar projects. Although the terms of the final agreement were not disclosed, the capital is available to SunEdison immediately.
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SunEdison is continuing to look for further financial backing for its North American pipeline and even has additional lending opportunities within the Deutsche Bank-Rabobank facility. The company already has more than 500 solar energy systems, with a combined capacity of 300MW.