SunEdison Closes Financing for Chilean Solar Power Plant

Skadden represented affiliates of SunEdison, Inc., one of the world's leading solar project developers, in a $212.5 million nonrecourse debt financing with the International Finance Corporation, a member of the World Bank Group; and the Overseas Private Investment Corporation, the U.S. government’s development finance institution. The financing closed on September 12, and the debt proceeds will be used to finance the construction of a SunEdison-owned 100MWp solar power plant in the Atacama Desert, Chile.