A consortium consisting of New Energy Capital Partners, North Sky Capital and EverStream Energy Capital Management has closed an investment deal worth $67.3 million to fund the development and construction of utility-scale solar photovoltaic power projects in central and Southern California by SunEdison.
SunEdison expects the investment to enable it to complete development and construction of more than 150 MW of solar assets.
The investment group was represented by Akin, Gump, Strauss, Hauer & Feld.
In June, SunEdison secured $100 million in investment financing from Wells Fargo.
