OPIC Board Approves $250 Million to Develop 51 Solar Projects in Thailand
October 12, 2011
(OPIC)
WASHINGTON, D.C. – The Board of Directors of the Overseas Private Investment
Corporation (OPIC), the U.S. Government’s development finance institution,
approved $250 million in financing to develop 51 solar power plants in Thailand.
This first-of-its-kind project will accelerate the growth of the solar industry
in Thailand by financing t a large number of solar plants together with local
banks.
SunEdison Thailand, a subsidiary of MEMC Electronic Materials, Inc. a U.S.-based
technology and solar power development company, will use OPIC financing to
construct the new solar photovoltaic power plants generating clean renewable
energy for Thailand’s national electric grid. The plants will range in size from
one megawatt (MW) to 50MW and, taken together, will generate 520MW.
“We are proud to be supporting Thailand’s goals of shifting to clean, renewable
sources of power. This project allows SunEdison to develop a pipeline of solar
projects in Thailand that would otherwise require significantly more resources
for OPIC to implement on a project-by-project basis,” said OPIC President and
CEO Elizabeth Littlefield.
SunEdison is one of North America's largest solar energy services providers.
SunEdison pioneered the fully integrated solar energy service provider business
model, which provides an integrated solution for the development, design,
engineering, installation, financing, monitoring, operations and maintenance of
solar power systems. As of June 2011, SunEdison had deployed and/or managed 526
solar power systems representing more than 330 MW of solar energy generating
capacity.
MEMC, is the fourth largest global designer and manufacturer of silicon wafers
used in semiconductors, the fifth largest manufacturer of silicon wafers used in
solar panels, and one of the largest North American solar power developers.
Welcome to the Exporting Source
Your one-stop resource for finding help to export to new customers, to learn about government export programs, to join export-promoting trade missions, to sign up for trade conferences and training, and to link to other exporting services. Whether you're an old hand at exporting or just getting started, the Exporting Source provides a place to locate foreign customers, export financing and foreign investment assistance.