Wednesday, 27 June 2012

Sunedison Ebrd And Opic Close 50 Million Project Financing Arrangement

Sunedison Ebrd And Opic Close 50 Million Project Financing Arrangement
BELMONT, USA: SunEdison Inc. announced the closing of a 50 million proposal financing firm with the European Originate for Transformation and Emergence (EBRD) and the Unrelated Personage Sponsorship Transaction (OPIC).

The proposal plunder leave be used to finance the construct of a SunEdison owned 23.8 megawatt (MW) DC solar power plant in the Ma'an Governate, in Southern Jordan. Construction leave develop in Q4 2014 and interconnection is ordered to keep on opinion in Q3 of 2015.

The solar photovoltaic (PV) plant leave agreement electricity to the Jordanian Countrywide Exciting Specialist Collection (NEPCO) under a 20-year power grab convention (PPA). The power plant leave connect to the grid via a substation that leave be built by NEPCO.

Jose Perez, journey of SunEdison for Europe, Interior East, Africa and Latin America, stated: "This project is a new top item of SunEdison's capacity to develop warm energy solutions correspondence bylaw desires in exceptional existence. Our big construct linked with the semi-detached with world-class cronies, such as OPIC and EBRD, limit been grim for this high point."

Al Dahya, GM of SunEdison for MENA and Fold, said: "This project leave be disapproving for Jordan to open out its renewable energy capacity and to cut its have confidence in on expensive hydrocarbon imports. Photovoltaic energy has the force to be an horrible part of the premeditated diversified energy mix in the Interior East, tumbling energy costs and causal to the embryonic energy need. This project represents moral the edge of SunEdison's normal reliance to the development of the clean energy in the area."

Origin: green-power-project.blogspot.com