US solar giant SunEdison has announced De Lage Landen Financial Services (DLL) has increased its investment in a sale-leaseback solar fund to over $100 million.
Originally established late last year with USD $52.5 million, the fund provides financing to SunEdison developed solar PV projects within the USA.
SunEdison says low-cost funding creates new markets and increases the customer base for solar energy; while helping companies reduce energy costs and reroute the savings to other areas of their operation.
“Distributed generation is one of the fastest growing solar segments in the United States,” said Attila Toth, General Manager Distributed Generation for SunEdison. “This relationship with DLL is one of the many ways we are working to help new customers enter the market and grow our business. Working with a great partner like DLL helps us focus on our core business while increasing shareholder value.”
Australian companies and individuals needn’t fear they are missing out on some of the innovative financing arrangements available across the pond. Local solar provider Energy Matters already offers a zero-deposit option for commercial and residential solar projects.
In other recent SunEdison news, New York City Mayor Michael Bloomberg last week announced a partnership to build what will be the City’s largest solar energy project.
Once the largest landfill in the world, the curiously named “Fresh Kills” area will be redeveloped into one of the City’s largest parks and the site of the largest solar farm in the region – increasing the amount of solar energy produced in New York City by 50 percent. The project will consist of two SunEdison-developed systems totalling up to 10 megawatts (MW) capacity and featuring between 30,000 and 35,000 solar panels.
The company’s solar forays are not confined to the USA. Late last month we reported SunEdison will build a 50.7 MW photovoltaic power plant in Chile’s Atacama region after closing a $100.4 million finance deal.
