Germany's S.A.G. Solarstrom has received a solar financing commitment for EUR40 million (US$52 million) from Deutsche Bank.
Solarstrom said the financing would be put to use for various solar projects to be implemented in 2013 and 2014 in Germany.
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The money follows a project financing framework of €65 million (US$84 million) granted to Solarstrom by Deutsche Bank in June last year as a loan for projects, which had been installed chiefly in the second half of 2012.
This financingnew commitment and the payment of the loan are subject to compliance with customary banking conditions and the finalisation of the respective financing documents.
