US international development vehicle the Overseas Private Investment Corporation (OPIC) has approved $250 in financing to support the development of 51 solar plants in Thailand.
The capital will be allocated to SunEdison’s Thai subsidiary that will install photovoltaic (PV) facilities with a combined capacity of 520MW.
Elizabeth Littlefield, OPIC president and CEO, said, ‘We are proud to be supporting Thailand’s goals of shifting to clean, renewable sources of power. This project allows SunEdison to develop a pipeline of solar projects in Thailand that would otherwise require significantly more resources for OPIC to implement on a project-by-project basis.’
Earlier this week, SunEdison secured a new credit line worth $300m that it said will be used to support the construction costs of a pipeline of utility and rooftop solar developments in the US and Canada.
Copyright © 2011 NewNet
Tags: OPIC, Overseas Private Investment Corporation, solar, sunedison
You must be logged in to post a comment.
Legals & Terms of Use • Privacy & Cookies Policy
NewNet is a trading name of New Energy World Network Ltd, registered in England (No. 06695690).
Registered Office: Zetland House, 5-25 Scrutton St, London EC2A 4HJ
Content is © New Energy World Network (NewNet) 2008-2013