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SunEdison secures $190 million financing for Chilean solar power plant
By Lisa Kerner
Charlotte, N.C., June 30 – SunEdison, Inc. closed a $155 million nonrecourse debt financing arrangement with the Overseas Private Investment Corp., the Inter-American Development Bank and CorpBanca, which also provided a local Chilean Peso VAT facility equivalent to $35 million.
Proceeds will be used for the construction of a merchant solar power plant in Chile, according to a company news release.
St. Peters, Mo.-based SunEdison makes solar technology and develops, finances, installs and operates distributed solar power plants.
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