Bank of America (NYSE:BAC) will finance the final stages of the 17.3MW deployment of Duke Energy (NYSE:DUK) in Davidson County, NC, via SunEdison.
SunEdison is a subsidiary of MEMC Electronic Materials (NYSE:WFR).
"Bank of America Merrill Lynch is extremely pleased to help bring utility-scale solar power to our home market of North Carolina and build on our long-standing corporate relationship with MEMC," said Todd Karas, President of Banc of America Public Capital Corp.
The financing will be for the final two phases of the project, which is estimated to generate more than 510 million kilowatt hours of energy over a period of 20 years.
On an annual basis that would power up about 48,000 homes in the U.S.
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