Renewable energy developer the Juwi Group has secured a €252 million (US$336 million) loan, calling it an “act of faith” in the sector.
Deutsche Bank, DZ Bank and Unicredit have spearheaded a 13-strong consortium of financial institutions to provide the funding that will underpin Juwi for the next three years.
Try Premium for just $1
- Full premium access for the first month at only $1
- Converts to an annual rate after 30 days unless cancelled
- Cancel anytime during the trial period
Premium Benefits
- Expert industry analysis and interviews
- Digital access to PV Tech Power journal
- Exclusive event discounts
Or get the full Premium subscription right away
Or continue reading this article for free
“For the Juwi Group, the signing of the syndicated loan is a key financial component of the company's business,” said Sascha Röber, Juwi's head of corporate finance.
“It is a visible act of faith from the financial world which cannot be valued highly enough against the backdrop of the problems of many other companies, especially in the solar sector.”
The German company has pledged to continue its spread into other overseas markets, particularly in North America.