SunEdison says De Lage Landen Financial Services (DLL) has increased its investment in a sale-leaseback fund to over $100 million. The fund, created in December 2012, provides financing for distributed generation solar photovoltaic projects SunEdison develops in the U.S.
SunEdison says the fund is focused on commercial and municipal solar energy projects. Providing low-cost funding creates new markets and increases the customer base for solar energy, the company says.
‘Distributed generation is one of the fastest-growing solar segments in the United States,’ says Attila Toth, general manager of distributed generation for SunEdison. ‘This relationship with DLL is one of the many ways we are working to help new customers enter the market and grow our business.’