SunEdison Gets $100 Million OPIC, IFC Loan for Chile Solar Plant

SunEdison Inc. (SUNE), the solar developer and polysilicon supplier formerly known as MEMC Electronic Materials Inc., received $100.4 million in loans from Overseas Private Investment Corp. and the World Bank Group to build a power plant in northern Chile.

OPIC, the U.S. government’s development finance institution, provided $62.9 million in debt financing and the World Bank’s IFC unit contributed $37.5 million, St. Peters, Missouri-based SunEdison said today in a statement. Rabobank International also provided a local Chilean peso VAT facility worth $25.6 million.

The 50.7-megawatt San Andres solar farm in the Atacama region will be connected to Chile’s Central Interconnected System in the first quarter and will sell power on the spot market, according to the statement.

To contact the reporter on this story: Justin Doom in New York at

To contact the editor responsible for this story: Reed Landberg at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.