SunEdison has announced that De Lage Landen Financial Services Inc., a subsidiary of Rabobank Group, has committed to invest $52.5 million into a sale-leaseback fund. This fund will deliver financing to distributed generation solar PV projects developed by SunEdison within the U.S.
The financing from DLL will help support SunEdison's growing portfolio of distributed generation solar energy projects.
De Lage Landen Financial Services will provide financing through a long term lease agreement with a SunEdison project subsidiary that efficiently monetizes the tax benefits and cash flows from customer power purchase agreements.
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