SunEdison Seals Solar Deals In Europe

OFALLON – SunEdison, a subsidiary of O’Fallon, Mo.-based solar energy specialist MEMC Electronic Materials, announced deals that will provide approximately 98 megawatts of power to plants in Europe.

The transactions include the sale of one power plant in Bulgaria to a consortium of investors that includes a Turkish and Saudi firm. The power plant, located in Karadzhalovo (a village in the municipality of Parvomay, Bulgaria) was financed through a 155 million debt financing arrangement with IFC, a member of the World Bank Group, Overseas Private Investment Corporation (OPIC) and Unicredit.

Other European solar deals include selling a portfolio of projects in Italy to Eoxi and an Italian power plant to other investors.

“With a solid pipeline of projects in Europe, Latin America and Middle East, we will expand our collaboration with our project partners in the future, and continue SunEdison’s growth worldwide,” said Pancho Perez, General Manager of SunEdison for EMEA, Latin America and North Asia.



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