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.”

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