SunEdison Launches Yieldco With $250 Million From Goldman Sachs

Posted by SI Staff on April 02, 2014 No Comments
Categories : New & Noteworthy

SunEdison has sold a portfolio of projects to SunEdison YieldCo, a newly formed yieldco vehicle wholly owned by SunEdison.

The initial capitalization of SunEdison YieldCo was financed with a $250 million facility extended by Goldman Sachs Bank USA, acting as sole lead arranger.

‘We're pleased to have Goldman Sachs support SunEdison,’ says Carlos Domenech, CEO of SunEdison Capital. ‘This is a significant step in executing SunEdison's asset ownership strategy. SunEdison YieldCo will utilize proceeds from the $250 million facility to acquire projects from third-party developers, as well as projects developed by SunEdison.’

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