SunEdison Gets $104 Million for Ontario Solar Projects
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SunEdison Inc., the solar developer and polysilicon supplier formerly known as MEMC Electronic Materials Inc., received C$115 million ($104 million) in financing from Deutsche Bank AG for power projects in Canada.
The funding from Germany’s biggest lender will be used for two solar farms in Ontario with a total of 33 megawatts of capacity that are expected to be complete by the end of the year, St. Peters, Missouri-based SunEdison said today in a statement. Terms weren’t disclosed.