SunEdison will use the credit facility for the construction costs and rooftop solar projects throughout the US and Canada and the capital is immediately available.
The company said construction loans are non-recourse debt which means that they are only secured by a pledge of the collateral including the project contracts and equipment.
Currently, the company has about 500 solar energy systems deployed throughout the US and Canada and 330MW of installed solar capacity.
SunEdison is a solar energy services provider and a subsidiary of MEMC Electronic Materials.
