SunEdison has closed on financing for two solar power plants to be built in Ontario, Canada supported by Deutsche Bank Securities.
SunEdison will manage the construction of the two plants, which are both planned to be operational by the end of 2014, the company said.
The plants, composed of over 100,000 SunEdison Silvantis PV modules, will provide employment for skilled manufacturing and construction workers in Ontario.
Once operational, the plants will be managed by the SunEdison Renewable Operation Center (ROC), which provides global 24/7 asset management, monitoring, field dispatch and reporting services.
“The Green Energy Act continues to benefit Ontarians by creating jobs and increasing renewable energy in Ontario,” said Michael Dilworth, vice president and country manager for SunEdison Canada.
“We have over 130 MW 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,” Dilworth added.
To date, SunEdison has raised over $6 billion in capital to fund renewable energy project development globally. SunEdison’s relationship with Deutsche Bank is a key element of this effort.