De Lage Landen Financial Services, a global provider of asset-based financing solutions, has increased its investment to over $100 million in a sale-leaseback fund. The fund delivers financing to distributed generation solar PV projects developed by SunEdison within the U.S.
Soitec and SunEdison enter into a patent cross-license agreement relating to silicon-on-insulator (SOI) wafer products. The agreement provides each company with access to the other's patent portfolio for SOI technologies and ends all outstanding legal disputes between the companies.
SunEdison appoints Georganne C. Proctor, former Chief Financial Officer of TIAA-CREF, as an independent member of the board and as a member of the audit committee.
SunEdision has closed a $212.5 million debt financing arrangement with IFC and OPIC. The debt proceeds will be used to finance a SunEdison owned 100MWp solar power plant in Chile. The project is expected to be completed in Q1 2014.
The project included 15 schools, 7,300 panels and is estimated to produce 3 million KWh of electricity a year, offsetting 25% to 60% of the electricity requirements of each school, respectively.
The five regional power plants in southeastern New Mexico will produce 10MW each for grand total of 50MW, SunEdison is building, financing, and maintaining the facility while Xcel Energy will operate it.
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