Renewables, Solar

SunEdison secures financing for solar projects in Canada

Deutsche Bank Securities Inc. will provide construction financing for SunEdison’s (NYSE: SUNE) two solar power plants to be built in Ontario, Canada. 

SunEdison will manage the construction of the two plants, which are expected to be operational by the end of the year.

The sites will be composed of more than 100,000 SunEdison Silvantis(TM) Photovoltaic (PV) Solar Modules. Upon operation, the plants will be managed by the SunEdison Renewable Operation Center (ROC).

“We have over 130-MW direct current (DC) of solar energy operating in Ontario today, and are pleased to add these two new utility-scale projects to our portfolio as part of the continued growth of our Canada business,” said Michael Dilworth, vice president and country manager for SunEdison Canada.

According to the U.S. Environmental Protection Agency’s (EPA) Greenhouse Gas Equivalencies Calculator, the two plants will offset the CO(2) emissions of more than 15.5 million pounds of coal annually.

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