SunEdison, Inc. today announced that Google Inc. has agreed to provide $145 million in equity financing for the Regulus 82 MW DC solar plant in Kern County, Calif.
The Regulus plant will begin operation later this year, and will supply power to Southern California Edison through a 20-year power purchase agreement.
SunEdison developed, designed, executed the structured financing and is constructing the Regulus project, which was contributed to TerraForm Power and represents 10% of the 808 MW DC in the initial TerraForm portfolio.