SunEdison, a solar technology manufacturer and provider of solar energy services, closed on construction financing underwritten by Deutsche Bank Securities. The funds will be used to construct the 60 MW AC Regulus solar power plant located in Kern County.
SunEdison is managing the construction of the plant, which is planned to be operational by the end of 2014. Regulus will be composed of approximately 250,000 SunEdison Silvantis Photovoltaic Solar Modules.
Silvantis Modules are built using SunEdison polysilicon and wafers to ensure maximum reliability and performance. Once operational, SunEdison will provide solar asset management services and 24/7 global monitoring, field dispatch and reporting services through its Renewable Operation Center (ROC).
According to the U.S. Environmental Protection Agency Greenhouse Gas Equivalencies Calculator, the two plants will offset the CO2 emissions of over 100 million pounds of coal annually. The plant is designed to generate enough electricity to power over 10,000 homes per year.
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