Seeking Alpha

SunEdison obtains $212.5M in financing for 100MW solar plant

  • SunEdison (SUNE +4.5%) is receiving the funds from a World Bank unit and the U.S. government's development finance arm. They'll be used to create a 100MW plant in Chile's Atacama Desert.. Construction began in August, and is expected to be finished in Q1 2014. (PR)
  • The announcement comes a day after SunEdison filed for a $250M IPO for its semiconductor wafer ops.
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