The US domestic installer has clinched a US$95 million revolving asset-based loan facility and a private placement of US$55 million aggregate principal amount of convertible senior notes.
The US installer will use the funding to refinance a working capital facility and purchase equipment that will qualify its projects for the full ITC rate before it depreciates to 26% on 1 January.
Investor Eland Private Equity and Chinese manufacturer and EPC Shanghai Electric have set sights on Europe’s thriving PV market, forming a new joint-venture which they claim will plough some €500 million into new assets.
José Rojo continues PV Tech’s end-of-year review with a look back at Q3 2019 highlights, from solar trade spats to Portugal’s head-turning tender, Tesla’s court woes and a solar-plus-storage bonanza.
Asset manager Encavis acquires portfolio of five solar parks from renewable developer BayWa r.e., including zero-subsidy, PPA-backed 8.8MW Barth V in North Germany.
Milan-based F2i inks deal to fully buy Madrid-based developer from financial owner Cerberus, unlocking access to a 1GW solar pipeline in bustling Southern European market.
Firm eyeing crown of resurging PV market taps Swiss offtaker in 10-year deal that will cover three installations, two in Castilla y León and a third in Castilla-La Mancha.
Danish player walks PV Tech through fundraising timetable and investment rationale of ‘Impact‘ vehicle set to focus on Germany, Ireland, France and the Netherlands.
