SunEdison announced that it has closed on construction financing underwritten by Deutsche Bank Securities Inc. The funds will be used to construct the 60 MW (AC) Regulus solar power plant located in Kern County.
SunEdison is managing the construction of the plant, which is planned to be operational by the end of 2014. Regulus will be composed of approximately 250,000 SunEdison Silvantis™ Photovoltaic Solar Modules. Silvantis Modules are built using SunEdison polysilicon and wafers to ensure maximum reliability and performance. Once operational SunEdison will provide solar asset management services and 24/7 global monitoring, field dispatch and reporting services through its Renewable Operation Center (ROC).
"Regulus is our largest North America project to date," said Bob Powell, SunEdison president of North America. "In the past month we've announced completion on the Adobe and Cascade projects which total nearly 40 MW AC. We look forward to participating in the continued growth of the California solar market."