SunEdison Seeks IFC Funding for Solar Plant in Chile
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MEMC Electronic Materials Inc.’s SunEdison LLC unit is seeking funding from the World Bank’s private-sector financing arm to build a 50-megawatt solar plant in Chile that plans to sell power at commercial rates.
The International Finance Corp.’s board plans to take a decision on June 18, according to an investment proposal on the IFC’s website. The IFC didn’t disclose how much it may invest in the project. SunEdison said in March that the project would cost $120.5 million.