SunEdison gets debt financing for $300 million solar stake purchase

By Wendy Van Sickle

Columbus, Ohio, Sept. 8 – SunEdison, Inc. has new debt financing commitments from KeyBank NA and Santander Bank, NA for use in the $300 million purchase of a 33% interest in a portfolio of solar assets from Dominion, according to a Tuesday press release.

The purchase is the first for a new strategic partnership between SunEdison and J.P. Morgan Asset Management – Global Real Assets to fund renewable energy projects in operating and construction stages, according to the release.

The stake in the 425 megawatt portfolio includes 24 projects in six states.

St. Peters, Mo.-based SunEdison is a renewable energy company that makes solar technology and develops solar power plants.

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