Greentech Lead Europe: SunEdison, a worldwide solar
energy services provider and subsidiary of MEMC Electronic Materials, has
closed three transactions involving approximately 98 megawatts (MWp) of
photovoltaic (PV) power plants in Europe.
The company has sold a 60MW power plant in Bulgaria to a
consortium of investors consisting of an affiliate of First Reserve Energy
Infrastructure Fund, Crescent Capital and ACWA Power.
The photovoltaic power plant was interconnected in March
and financed through a euro 155 million non-recourse debt financing arrangement
with IFC, a member of the World Bank Group, Overseas Private Investment
Corporation (OPIC) and Unicredit. Through a long-term joint venture agreement,
SunEdison will provide operation and maintenance services to the power plant.
SunEdison closed on a transaction involving a portfolio
of 13 MWp PV projects in Italy with United Kingdom-based Eoxis. SunEdison
closed, jointly with Eoxis, the financing of two of the projects included in
this portfolio through 24.9 million euro, non-recourse, long-term senior debt
facility with Centrobanca (UBI Banca Group).
The projects were interconnected in late 2011. SunEdison will
monitor, maintain and operate the projects under long-term agreements.
SunEdison also closed the transaction on 25 MWp plant located
in Puglia, Italy. The plant is operating since the fourth quarter of 2011 with
an institutional investor.
In the first full year of operation, the total portfolio
is expected to generate sufficient energy to power over 33.000 homes in Italy
and Bulgaria and avoid CO2 emissions equivalent of removing more than 10.000
cars from the road every year.
“These transactions are a perfect example of
SunEdison’s continued ability to structure and execute complex transactions,
while aligning world class investors who recognize the growing role solar plays
in fulfilling today’s energy needs worldwide,” said Carlos Domenech,
president of SunEdison.
El
Paso Electric and SunEdison dedicate 12MW (AC) Solar farm at Las Cruces
Recently, El Paso Electric Company (EPE) and
SunEdisonofficially inaugurated the 12 MW Las Cruces Centennial Solar Farm. The
Las Cruces Centennial Solar Farm was activated in May 2012 and is part of EPE’s
ongoing strategy to increase renewable energy as part of the generation mix
used to meet its customers’ demand.