Grasshopper Solar secures US$209 million in project financing from Deutsche Bank


The company noted that Deutsche Bank had provided a CAD $270 million (US$209.6 million) senior debt facility. Image: Sungrow

Canada-based PV project developer and EPC Grasshopper Solar has secured a new round of project finance from Deutsche Bank to enable further PV power plant construction and ownership.

The company noted that Deutsche Bank had provided a CAD $270 million (US$209.6 million) senior debt facility. 

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Azeem M. Qureshi, CEO, Grasshopper Solar said, “This is a big win for the renewable energy sector and this transaction demonstrates our combined ongoing commitment to the proliferation of solar and reduction in carbon footprint. With this investment we will continue to explore new opportunities and expand our asset base.”

Grasshopper Solar also noted that it had CAD $500 million (US$399 million) in assets under operation, and in various stages of development globally. The company also offers residential solar.

Read Next

Subscribe to Newsletter

Most Read

Upcoming Events