Major PV energy provider (PVEP) SunEdison has completed its first yield co securitisation with Goldman Sachs Bank USA, acting as the single lead arranger.

SunEdison recently noted that it plans to increase its PV project business to a scale that would require up to US$15 billion a year in project finance capital. The company had noted that yield co vehicles as well as debt and equity deals would be used.

Carlos Domenech, CEO of SunEdison Capital said: "This is a significant step in executing SunEdison's asset ownership strategy. SunEdison's yield co will utilise proceeds from the US$250 million facility to acquire projects from third party developers as well as projects developed by SunEdison."

The company is planning to have a quarterly run rate of PV project completions totalling around 200MW in 2014, double the level achieved in 2013.

"SunEdison has installed over 1,000 projects, and has significant expertise as an asset manager with close to 2GW of solar PV projects under management. We believe SunEdison's development teams and our growing partnerships with third party developers will provide significant ongoing project opportunities,” added Domenech.