SunEdison Activated 86 PV Energy Systems In 2008

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SunEdison says that it activated a record 86 photovoltaic solar energy systems in the U.S. during 2008, with a total capacity of 25.5 MW. In the fourth quarter of 2008, the company activated 37 PV systems in the U.S., for a combined capacity of 9.7 MW.

Key to these activations was financing from Wells Fargo & Co., which announced in March that it had provided $250 million in equity capital to solar energy projects since fall 2007. More than half of this amount was for PV solar energy systems developed by SunEdison.

In 2008, the SunEdison distributed solar portfolio performed at over 100% of expected generation capacity, the company adds.

SOURCE: SunEdison

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