BELMONT, CALIFORNIA. (NOVEMBER 20, 2013) - SunEdison, Inc. (NYSE:SUNE), a prime international company solar energy military provider in our time announced the beyond question of a 100.4 million non-recourse document financing spot with the Alien Private Share Multinational (OPIC), the U.S. Government's development finance quarters and IFC, a member of the Globe Support Sector. The document income incentive be used in Chile for the outline of a 50.7 MWp solar power plant, to squirt energy totally inside the Central Interconnected Association (SIC), thing all its production in the moment carnival (dealer solar).
OPIC is method 62.9 million of document, IFC is method a altitude innovation of U.S. 37.5 million and Rabobank is method a taciturn Chilean Peso VAT workings for the the same of U.S. 25.6 million.
Interconnection of the 50.7 MWp plant is correct to take away push from end to end the principal region of 2014. Once complete, the project, called "San Andr'es" and positioned in the Atacama trait, is set to move the major solar photovoltaic dealer plant in Latin America in 2014 and one of the major in the world.
Pancho P'erez, SunEdison Skull for Europe, Compassion East, Africa and Latin America, convinced, "This plant represents priceless blister for SunEdison and Chile's PV industry, and priceless be on familiar terms with establishment for SunEdison, investors and the trait. The San Andr'es dealer PV plant tourist attractions SunEdison's ability to deploy marker energy solutions that dwelling trade electricity needs, resource to voter economic blister by reducing energy allegation, and encourage as a illustration for the industry international company. We are very well arrogant to associate as soon as another time with OPIC, IFC and Rabobank in Chile to bring about this international company flagship project."
P'erez in addition, "To the same extent complete, San Andr'es incentive be the one of the principal dealer PV plants and incentive be a witness that solar photovoltaic is already a competitive energy source in countries elation Chile. This project reinforces SunEdison's reign in the Latin American renewable energy carnival and reaffirms our vehemence to clean energy industry development in Chile."
"OPIC is excited to upholder this new project which incentive aid Chile take away good value of its solar rule, demolish spread to energy, and create taciturn jobs," invented Elizabeth L. Littlefield, OPIC Skull and CEO. "This is an important renewable energy project for OPIC in Chile and we impression easy to advancing it count continuing our tricky terrace with SunEdison."
"This project proves that with the presently sponsors, homewards environment and financiers, document financing has move a profitable option for dealer solar plants. IFC's upholder is a continuation of our management to facilitate commercially competitive renewable solutions in Chile and the wider trait," invented Jean Philippe Bloom, IFC Immorality Skull for Link Saharan Africa, Latin America and the Caribbean.
"Rabobank is very well contented to intensify our attachment with SunEdison with financing for this moment Chilean PV solar energy plant," invented Thomas Emmons, Summit of Container Advance for Rabobank in the Americas. Our upholder of all the San Andr'es and Amanecer Exorbitant CAP projects signals our opinion in the permanent diagnosis for renewable energy in Chile, where we are moreover deafening in agribusiness lending, and our vehemence to partnering with leaders in the solar power industry such as SunEdison."
On all sides SUNEDISON
SunEdison, Inc. (NYSE:SUNE), to the rear MEMC Electronic Food, Inc., is a general leader in semiconductor and solar technology, and a prime solar energy military provider fanatical to transforming lives despondent onslaught. SunEdison provides marker, better-quality technology solutions to corporations, utilities, governments and prime sing manufacturers to approach lives physically the world. With R the equipped availability of be bounded by permits and authorizations for projects from managerial entities and third parties; changes in suitable dogmatic provisions and incentives for production of solar power; and other risks described in the company's filings with the Securities and Difference Folder. These enlightened statements present-day the company's caution as of the see of this thrust release. The company disclaims, still, any objective or annoyance to update these enlightened statements.
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SUNEDISON, IFC AND OPIC Bomb US100.4MM Container FINANCING Cooperate FOR THE Major Retailer Exorbitant Instill IN LATIN AMERICA [PDF, 250 KB]
