Consortium invests $67.3mn in SunEdison solar power projects

consortium SunEdison solar power projects California New Energy Capital Partners North Sky Capital EverStream Energy Capital Management investment

A consortium of New Energy Capital Partners, North Sky Capital and EverStream Energy Capital Management has closed an investment of $67.3 million to the development and construction of SunEdison (NYSE: SUNE) utility-scale photovoltaic power projects in central and southern California.

The investment is expected to allow SunEdison to finish development and construction of more than 150 MW of solar power capacity, the companies announced.

SunEdison President and General Manager, North America Tim Derrick said working with the consortium would allow the company to “deliver predictably priced clean energy to our customers while generating construction jobs in the communities that will benefit from the energy generated by the projects.”

Read more solar energy news

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...