SunEdison funds 60 MW Boshof solar power project

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SunEdison Inc. secured $185 million in foreign debt funding from the Overseas Private Investment Corp. (OPIC).

This amounts to about 75 percent of the $233 million project cost for the Boshof Solar Park Project, located in South Africa's Free State province near Kimberley.

Electricity generated by Boshof, with an installed capacity of 60 MW AC, will feed into the South African grid, under the terms of a 20-year power purchase and implementation agreement signed with national power utility Eskom and the Department of Energy. The plant is scheduled to begin generating electricity in the fourth quarter of 2014.

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