SunEdison is receiving $48.9 million in debt from the Overseas Private Investment Corp., $50.3 million from the Inter-American Development Bank, $16 million from the Clean Technology Fund and $39.8 million from Chile’s Corpbanca SA, the St. Peters, Missouri-based solar company said today in a statement. Corpbanca also is providing a local value-added tax facility worth $35 million. No loan terms were disclosed.
The Maria Elena project, in the nation’s Antofagasta region, is expected to be directly connected to the grid later this year. SunEdison will own and operate the plant.
SunEdison is up 75 percent this year, the most in the Bloomberg Industries Global Large Solar Energy Index.
To contact the editors responsible for this story: Reed Landberg at email@example.com Carlos Caminada, Will Wade