28 Jun '14, 12am

SunEdison seals Chile plant funding - SunEdison has closed $155m in non-recourse debt financing for construction...

SunEdison seals Chile plant funding - SunEdison has closed $155m in non-recourse debt financing for construction...

SunEdison will own and operate the facility. It will sell power on a merchant basis into Chile’s Sistema Interconectado del Norte Grande (SING). The Overseas Private Investment Corporation (OPIC) will provide $48.9m in financing; the Inter-American Development Bank $50.3m; Clean Technology Fund $16m and CorpBanca of Chile $39.8m. CorpBanca will also provide $35m equivalent in Chilean pesos to cover project value-added taxes. CorpBanca is the first local bank to participate in a senior debt facility for a merchant solar project in Chile. The plant will be connected to the grid later this year. SunEdison did Log in to read complete article.

Full article: http://www.rechargenews.com/solar/article1367616.ece

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