SunEdison, OPIC Close $100M Deal For Chilean Solar Plant

Law360, New York (November 20, 2013, 2:36 PM EST) -- SunEdison, Overseas Private Investment Corp. and International Finance Corp. have closed a $100.4 million debt financing arrangement to build a 50.7-megawatt solar power plant in Chile, which is slated to become one of the largest solar photovoltaic merchant plants in Latin America, they said Wednesday.

Missouri-based SunEdison said that the project, dubbed San Andres and located in the Atacama Desert, is expected to become operational during the first quarter of 2014.

OPIC, the U.S. government's development finance institution, is providing $62.9 million of debt, with World...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.