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IFC To Put $55M In Solar Development

International Finance Corporation is seeking to commit a total of $55 million to a new solar power development company.

International Finance Corporation (IFC) is seeking to commit a total of $55 million to a new solar power development company, Green Technology World reports. IFC will take up to a 15% equity stake in the development, which is sponsored by SunEdison.

The transaction will value the company at around $366 million. The solar power development company has a pipeline of grid-tied solar PV projects in India and Thailand and plans to expand across South and South-East Asia.

Click here for the story from Green Technology World.

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