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Wells Fargo provides financing for SunEdison’s 11.3MW El Chaparral Solar Farm

PV-Tech

The El Chaparral Solar Farm in New Mexico has found financial support through Wells Fargo. The solar project, developed by SunEdison, is the sixth utility-scale solar project that Well Fargo has funded, in partnership with SunEdison, in the past year.

Located on 140 acres of land and using over 40,300 solar modules, including MEMC Silvantis modules, the solar project will produce around 26 million kWh of energy per year. El Pas Electric Company has agreed to buy the power produced by the plant for the next 25-years under a PPA.

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